More than 1,700 private offshore bank accounts belonging to Canadians turned up on a list of secret accounts in Switzerland, a joint CBC News/Globe and Mail investigation into possible tax evasion has found. Full Story »
Posted by Ellie Kesselman - via Thanh Tran (t)
This is a very complex issue with probable banking, taxation and foreign investment violations, as well as criminal activity. The citizens and governments of Canada, France and Switzerland are involved in this tax evasion scandal that resulted in huge sums of money from Canadian accounts being illegally diverted to offshore banks. The story is confusing and authorities have recently begun their investigation of this case. While it is certainly appropriate to report on the status now, due to the magnitude of the problem and the seriousness, there are still so many unknowns that the article was choppy and convoluted, and not easy to follow. That doesn't reflect on the quality of the journalism as much as it would for an investigation that was nearing completion. This one is just beginning.
Additional reporting by CBC’s Diana Swain in this 12 minute video segment.