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Monday, February 09, 2004

Conflict of Interest, Barbados Style

On Thursday, accountants estimated that, between 1995 and 2002, (while Paul Martin was Minister of Finance) Martin set up five dummy companies in Barbados and used the companies to force other Canadian taxpayers to pay an additional $103 million in income taxes. The Barbados gambit was not counted in the $161 Million of benefits Martin disclosed on Friday. We don't know how much else in additional taxes Martin avoided through companies he set up in Vanuatu, the Bahamas, Liberia and Cyprus.

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