Bronfman, who is Liberal party’s revenue chairman, insists he has ‘always fully complied with all legal requirements, including with respect to taxes’
Canadian tax authorities are reviewing reports linking a key fundraiser for Prime Minister Justin Trudeau to offshore trusts in the Caribbean.
Montreal-based businessman Stephen Bronfman, son of billionaire Charles Bronfman, was among the individuals cited by news organizations including the Canadian Broadcasting Corp., Radio-Canada and the Toronto Star Sunday in the latest leak of bank documents suggesting some global business leaders and politicians may be using offshore tax havens to shelter money.
The CBC, Radio-Canada and the Star are part of the International Consortium of Investigative Journalists, which obtained 13.4 million files from two “offshore services firms” and 19 tax havens. The ICIJ has branded the leak the “Paradise Papers” because of its similarity to the “Panama Papers” in 2016 from the Panamanian law firm Mossack Fonseca, for which the organization won a Pulitzer Prize.
Bronfman serves as revenue chairman of the Liberal Party of Canada, and was lead fundraiser for Trudeau in the 2015 election campaign.