KeatsConnelly Cross-Border Weekly Best of the Web 2016-5-27

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week we highlight two articles. The first reviews expectations for Canada to renew efforts to curb global tax fraud in a post-Panama Papers world. The second article looks at a risk to RBC.

Canada to push for global tax fraud crackdown after second release of Panama Papers data (www.financialpost.com) – Public Safety Canada is taking a lead role in global talks to expand the country’s efforts to address concerns over illegal offshore tax schemes. Ralph Goodale, the federal minister responsible for the Public Safety department, is representing Canada at an international anti-corruption summit Thursday in London — a gathering that would often include other government departments, such as the Canada Revenue Agency. Officials from the CRA are not attending the London meeting, which is being hosted by U.K. Prime Minister David Cameron. “Since the angle (of the London meeting) was more about corruption, Public Safety was going to have the lead on this,” said Chloe Luciani-Girouard, a spokeswoman for national Revenue Minister Diane Lebouthillier, who oversees the CRA…

LIBOR Lawsuits Could Have Bankrupted RBC, Says U.S. Court (http://www.huffingtonpost.ca ) – The Royal Bank of Canada is among 16 multinational banks that have to face lawsuits in the U.S. over their role in an interest rate rigging scandal. The U.S. Court of Appeals for the Second Circuit in Manhattan cleared the way for the suits in a ruling Monday, the Wall Street Journal reported, along with a warning that the banks involved face possible bankruptcy…

Come back next week for more interesting news and articles. Enjoy your weekend!

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Cross-Border Series
The Border Guide
Now available in its 11th edition, The Border Guide has sold over 80,000 copies and is considered the definitive cross-border financial tool for Canadians living, working and investing in the United States.
A Canadian's Best Tax Haven
This book will show you how to realize your dream of living a lifestyle in a climate that allows for year-round golfing and sandy beaches while lowering your taxes and cost of living.
Taxation of Canadians in America
This book addresses individual US taxation and estate planning issues you will face as a Canadian living in the US.
Taxation of Americans in Canada
US citizens and green card holders are subject to US tax regardless of where they reside in the world. Are YOU at risk?

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