Wednesday, December 16, 2009

In a continuing crackdown on tax evasion, the Canada Revenue Agency (CRA) has alleged that brokers with a branch of RBC Dominion Securities, Canada’s largest brokerage company, helped clients set up accounts in the small European principality of Liechtenstein in order to avoid taxation on their wealth.

In affadavits submitted by the CRA, brokers with an RBC Dominion Securities office in Victoria, British Columbia, allegedly helped clients set up 16 offshore entities with a division of the LGT Group in Liechtenstein. While that is not a crime under Canadian law, auditors allege that the entities were used to help Canadians hide worldwide income. Thirteen individuals are either being audited or have made voluntary disclosures, admitting to tax evasion. The agency is presently investigating to see if there are any other individuals participating in this scheme. Regarding the inquiry, dubbed “Project Jade”, the CRA will only say that it was launched on information from a “confidential informant”.

RBC issued a written statement, saying “As a firm, we have never encouraged Canadians — not 25 years ago and not today — to set up entities in Liechtenstein, and we have never instructed our investment advisers to recommend that practice,” and “we comply with all CRA requirements. This means that we provide all our clients with the forms they need to meet their personal tax obligations, and also file reports with CRA that form the basis for reviews such as this.”

Three RBC employees are presently being investigated, with one remaining unidentified.

Thursday, April 21, 2011

France and Italy have announced along with the United Kingdom that they will be sending military advisers to help Libyan rebels in their fight against the forces of Libyan leader Muammar Gaddafi.

Italian Minister for Defence Ignazio La Russa said Wednesday that his country will send ten instructors. French officials said they would send fewer than ten. The British Foreign Secretary, William Hague, said they would send a team that could possibly contain up to twenty advisers.

La Russa said in a news conference that the advisers’ roles had yet to be determined, “They won’t be on the battlefield. They’ll be mentors, they won’t accompany them. Training is one thing, participation another.”

He further said of the rebels, “They’re rich in enthusiasm, they want to fight for liberty, but naturally they are poor in experience and arms.” However, La Russa believes that not all the arms the rebels have were taken from the Libyan Army stockpiles, stating, “I don’t think they only have arms from the Gaddafi army. Some help arrived.” He did not elaborate on the final statement.

Meanwhile, U.S. officials say President Barack Obama’s administration plans to give the Libyan opposition $25 million in non-lethal assistance. The officials say the assistance could include items such as vehicles, fuel trucks, protective vests and non-secure radios.

Libya’s foreign minister, Abdul Ati al-Obeidi, criticized the dispatch of foreign military advisers, saying it will harm chances for peace in the country. In an interview with the BBC, Obeidi called for a ceasefire followed by a six month period to prepare for an election. “We think any military presence is a step backwards, and we are sure that if this bombing stopped and there is a real ceasefire we could have a dialogue among all Libyans about what they want — democracy, political reform, constitution, election. This could not be done with what is going on now,” said Obeidi.

The move comes as UN officials condemn the use of cluster bombs that are in use by pro-Gaddaffi forces, a tactic banned under the Convention on Cluster Munitions, of which Libya is not a signatory.

UN High Commissioner for Human Rights Navi Pillay stated, amidst reports of snipers attacking civilians in many towns, that use of such munitions would “inevitably lead to civilian casualties”, whilst also calling for NATO forces to “exercise the utmost caution and vigilance so as not to kill civilians by mistake”. Pillay praised the Libyan government for allowing on Monday a U.N. humanitarian base in the capital city of Tripoli.

Meanwhile, fighting has continued between rebel and pro-government forces this Wednesday in the besieged western port city of Misrata, where residents are pleading for international intervention.

British photojournalist Tim Hetherington, who co-directed the documentary film Restrepo, which was nominated for an Academy Award for Best Documentary Feature this year, died from wounds he suffered in an RPG attack in the city.

His colleagues, photographers Chris Hondros and Guy Martin were also severely wounded. Hondros suffered a severe brain injury leaving him in a critical condition and eventually succumbed to his injury at a triage center and Martin, a British citizen, was injured by shrapnel, and is now receiving vascular surgery. Another with the group, Michael Christopher Brown also received shrapnel wounds which were not life-threatening.

Hetherington last updated his Twitter account on Tuesday, which read, “In besieged Libyan city of Misrata. Indiscriminate shelling by Qaddafi forces. No sign of NATO.”

Leaders in the rebel-held city called for the urgent intervention of foreign ground troops to protect the 500,000 civilians there, the first such request by anyone among Libya’s opposition forces. The rebels’ civilian leadership, the Transitional National Council, has however rejected the presence of foreign troops on Libyan soil to help their cause.

Meanwhile, across the country, NATO airstrikes again struck government installations in several cities.

Saturday, March 1, 2008

While nearly all coverage of the 2008 Presidential election has focused on the Democratic and Republican candidates, the race for the White House also includes independents and third party candidates. These parties represent a variety of views that may not be acknowledged by the major party platforms.

Wikinews has impartially reached out to these candidates, throughout the campaign. We now interview independent Presidential candidate Frank Moore, a performance artist.

Thursday, April 23, 2009

The United Kingdom Chancellor of the Exchequer, Alistair Darling, yesterday announced the 2009 budget. The budget is an annual audit of the nation’s finances, and decides what should be done with taxpayers’ money.

The chancellor fell under scorn for his GDP growth forecasts, which are considered to be too optimistic in predicting that Britain will bounce back from its weakest economic performance since the end of the second world war. Darling forecast GDP growth of 3.5% in 2011, even after he was made to downgrade his predictions. He expects a record expansion of 1.25% next year, but chief UK economist Howard Archer disagrees, calling Darling’s predictions “mildly optimistic in the near term and much more optimistic in the long term.”

His plans for savers and pensioners, however, were commended by many, though was also criticised by a large portion of the populace. In the budget, Darling increased the amount that savers can put into an Individual Savings Account (ISA) from £7,200 to £10,200, of which £5,100 can be saved in cash. These increased limits will be available only to people aged over 50 from 6 October this year, and will not be available to everyone until 6 April next year. A number of financial experts described the move as being “too little, too late”, and Rumina Hassam, of price comparison website uSwitch.com, said: “The government’s decision to increase the cash ISA limit by £1,500 to £5,100 for the over 50’s is a just another kick in the teeth for the majority of savers as they will have to wait even longer to benefit. There is no doubt that savers have been sacrificed as a result of the plummeting base rate, bringing savings rates to an all time low.”

Monday, September 23, 2013

Over the past week, diplomatic actions have averted — or, at least delayed — military strikes on Syria by the United States. Wikinews sought input from a range of international experts on the situation; and, the tensions caused by Russia’s support for the al-Assad regime despite its apparent use of chemical weapons.

File:Ghouta chemical attack map.svg

Tensions in the country increased dramatically, late August when it was reported between 100 and 1,300 people were killed in an alleged chemical attack. Many of those killed appeared to be children, with some of the pictures and video coming out of the country showing — according to witnesses — those who died from apparent suffocation; some foaming at the mouth, others having convulsions.

Amongst Syria’s few remaining allies, Iran, China, and Russia continue to oppose calls for military intervention. In an effort to provide a better-understanding of the reasoning behind their ongoing support, the following people were posed a range of questions.