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Financial Post quotes Nicolas Simard in an article about the Royal Bank of Canada’s alleged involvement in the Panama Papers scandal

Fasken
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“Royal Bank of Canada denies wrongdoing after Panama Papers, cites ‘extensive due diligence’” by Gordon Isfeld and Barbara Shecter, Financial Post

Financial Post quotes Montreal tax lawyer Nicolas Simard in an article discussing RBC’s implication in the Panama Papers and the measures the Canadian government has taken to strengthen tax transparency.

Nicolas Simard, a lawyer in the tax practice at Fasken Martineau DuMoulin LLP in Montreal, said the Panama documents are likely to lead to more tax audits targeting wealthy Canadians.

 

“Previous leaks of offshore activities have led the Canada Revenue Agency (CRA) to engage in multiple tax audits targeting wealthy Canadians,” including clients of an international accounting firm, Simard wrote in an online article Monday. “This time should be no different.”

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