US EditionCarney promises Canadian defense spending boost if he wins election: ‘Facing the greatest threats in generations’
- Mark Carney, Liberal Leader, co-chaired two investment funds at Brookfield Asset Management aimed at transitioning to a net-zero carbon economy, totaling $25 billion.
- The Center for International Corporate Tax Accountability and Research criticized Brookfield for using tax havens, claiming it led to billions in lost corporate taxes for Canada.
- NDP MP Niki Ashton urged Carney to address concerns over Brookfield Asset Management's use of tax havens, raising questions about his fiscal policy outlook.
- Experts believe Carney must explain his past management of offshore funds registered in Bermuda to clarify his current political motives.
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Carney's green funds at Brookfield used Bermuda tax haven to attract investors
The legal structure of the Brookfield funds is complex and includes many jurisdictions. However, experts say their activities in Bermuda raise questions about Mark Carney's approach to fiscal policy in Canada.
·Canada
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Carney promises Canadian defense spending boost if he wins election: ‘Facing the greatest threats in generations’
Canadian PM Mark Carney vows to boost defense spending if his Liberals win the April 28 election, amid pressure from US President Donald Trump, who has criticised Canada’s military budget, and 51st state remark.
·New Delhi, India
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