Carney’s dodgy response on tax havens conflates pension funds with Brookfield’s corporate profits

This morning Liberal Leader Mark Carney once again defended Brookfield Asset Management’s use of tax havens while he was Chair of the company.

He also conflated all of Brookfield’s operations with its investment funds, repeating his answer from last week—which was specific to those funds—even though the entities in question are connected to nearly all aspects of Brookfield’s business, including real estate, infrastructure and renewable power.

When asked directly if using legal loopholes to avoid Canadian taxes was ethical, Carney only repeated that “their arrangements follow the rules.”

Carney also refused to outline any real commitment to tackling tax havens.

Brookfield’s publicly available annual reports show it avoided $5.3 billion in taxes while Carney was chair.

This morning NDP Leader Jagmeet Singh announced a plan to crack down on offshore tax havens.