Although Mulroney had hidden the cash payments (totalling $225,000) from tax authorities for six years, his lawyers managed to cut a deal that allowed the former PM to avoid any fines or penalties, and only required him to pay half the taxes he would have paid if he’d obeyed the tax laws — laws that chumps like you and me are legally obliged to obey.
It certainly looked like favouritism to a former PM. But another possibility is now emerging: that’s just the CRA’s standard kid-glove treatment for the wealthy and powerful.
Source:
Different tax rules for wealthy and powerful: McQuaig
By LINDA MCQUAIG Columnist at TheStar website
(gdn: For full article--copy & paste to search that, which follows—the word “Source” and ends with “Columnist”)
It certainly looked like favouritism to a former PM. But another possibility is now emerging: that’s just the CRA’s standard kid-glove treatment for the wealthy and powerful.
Source:
Different tax rules for wealthy and powerful: McQuaig
By LINDA MCQUAIG Columnist at TheStar website
(gdn: For full article--copy & paste to search that, which follows—the word “Source” and ends with “Columnist”)