Tuesday, May 19, 2009

Mulroney's two for one tax offer


Global financial meltdown finding you short for cash? Have a young family that’s accustomed to the good things in life? Don’t have staff to take care of things for you on a timely basis?

Well then, step right up ladies and gentlemen, get your two for one Brian Mulroney tax leakage offer. Declare one dollar out of two to Revenue Canada, and pay half the taxes that you are owing to all Canadians. One proviso: mail before midnight six years from now. No questions asked.

As with all things in Ottawa, the time value of money means nothing. GST optional as well.

Mulroney paid tax on only half of cash, inquiry told
With defence seeking to avoid 'innuendo' at Oliphant commission, former PM says he played no role in negotiations with revenue authorities
BILL CURRY and GREG MCARTHUR
Globe and Mail Update

May 19, 2009 at 5:43 PM EDT

OTTAWA — Brian Mulroney told a public inquiry he played no role in negotiations with authorities that allowed him to pay tax on only half of the $225,000 he received in cash from German businessman Karlheinz Schreiber.

2 comments:

Anonymous said...

I heard about Mulroney’s two for one tax offer as well. Plus the time value of money. Made this a real sweetheart deal. He professed he knew nothing about the final arrangements......yeah right!

CAITI said...

Brent:

Does that mean if I do not claim any income for 6 years then, I will only have to pay taxes on half my income!!! Gee, where do I sign up????

Willy