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The Great White tax haven
Wednesday, July 20th, 2011
July 19, 2011
While Canada is reforming and lowering its taxes, politicians in other developed countries—those faced with crushing debt loads and economic stagnation—are turning a hungry eye to the bank accounts of their richest citizens. At the same time, instability in the Middle East and Asia means wealthy individuals are looking for a safe place to move their families. Where they might have flocked to the U.S. in the past, many now see Canada as the better option. Tax specialists even use terms like “the Great White tax haven” and “Switzerland of the North” when talking about Canada.
Tags: economy, featured, globalization, ideology, standard of living, tax
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