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