Wednesday, March 4, 2009

A special thank you note to Jack Layton

The Honourable Doctor John Gilbert “Jack” Layton PC, BA (McGill) MA PhD (York), MP
Leader of the NDP Party of Canada

Dear Jack:

We the undersigned, wish to express our thanks and gratitude to you for making the double taxation of income trusts, in the hands of Canadians, possible. This tax measure arbitrarily penalized taxable Canadian investors saving for retirement, by artificially devaluing their investments, creating a tax arbitrage for us that we exploited to the fullest.

We wish to thank you for recognizing, that as foreign investors in your country, we do not consume any of your public services, nor do we rely on your social programs, universal health care or infrastructure, even though the businesses that we now own in Canada, do.

As such, we thank you for agreeing that we should not be required to pay any taxes in your country, and we have made use of various techniques such as income stripping and excessive use of debt, to ensure that we pay no taxes to the Canadian government, now or at any time in the future.

Thank you for your unwavering support of naked capitalism and the hollowing out of Canada.

Yours sincerely,

The CEO’s and undisclosed investors of:

Abu Dhabi National Energy Company, Abu Dhabi, United Arab Emirates
Alinda Capital Partners LLC, New York, New York, USA
Behringer Harvard REIT, Addison, Texas, USA
Caxton-Iseman Capital Inc., New York, New York, USA
Centre Partners Management, LLC, New York, New York, USA
Cheung Kong Infrastructure Holdings Limited, Hong Kong
Crown Limited, Southbank, Australia
Eimskip Holdings Inc. Reykjavik, Iceland
FPL Energy, LLC , Juno Beach, Florida, USA
FrontFour Capital Group LLC , Stamford, Conneticutt, USA
General Shale Brick Inc., Johnson City, Tennessee, USA
Goldman Sachs Inc., New York, New York, USA
Goldman Sachs Capital Partners, New York, New York, USA
H.I.G. Capital, LLC , Miami, Florida, USA
Harbinger Capital Partners , Birmingham, Alabama, USA
Interbrew, Brussels, Belgium
Macquarie Infrastructure Partners , New York, USA
Marwyn, London, England
Nautic Partners, Providence, Rhode Island, USA
Oxbow Carbon & Minerals Holdings Inc., West Palm Beach, Florida, USA
Pala Investment Holdings Ltd, Zug, Switzerland
Sentinel Capital Partners, New York, New York, USA
Spectra Energy Corp., Houston, Texas, USA
TreeHouse Foods Inc., Westchester, Illinois, USA
Ventas, Inc., Chicago, Illinois, USA


Anonymous said...

"We shall go on to the end, ... we shall fight on the seas and oceans, we shall fight with growing confidence and growing strength in the air, we shall defend our Island, whatever the cost may be, we shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender, "

Thank you Brent (Sir Winston) Fullard from all of us for holding the Axis of Duplicity to account

Never surrender


Kephalos said...

It is especially galling that Jack Layton bot the hypocrisy and patent falsehoods of Flaherty about income trust tax leakage -- which hypocrisy and patent falsehoods inflicted harm and loss on many thousands of honest, taxpaying Canadians -- but Jack Layton says nothing about tax evasion by wealthy Canadians who are clients of the Swiss UBS and similar tax "havens" and the criminals who import and sells drugs in Canada.

Check out this story in the NY Times:

Wealthy Canadians would never evade taxes, eh?

Eh? Eh? Eh? Eh? Eh? Eh? Eh? Eh? Eh? Eh? Eh? Eh? Eh?

Dr Mike said...

I just wish Happy Jack would stop sending me emails "Thanking" me for my support.

I have never & will never support this guy on any issue after he blindly supported the trust tax & then did not take the time to look into the claims that Flaherty was wrong in his assessment of tax leakage.

Jack , get stuffed!!

Dr Mike.