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BC billionaires use of KPMG offshore tax scheme exposed

BC billionaires use of KPMG offshore tax scheme exposed

B.C. billionaire brothers’ use of KPMG offshore tax scheme exposed in emails

Authors: Harvey CashoreFrédéric Zalac
Source: CBC News

The Chan family is one of the wealthiest in British Columbia and is known for donating millions to philanthropic causes.

Led by billionaire brothers Caleb and Tom Chan, the family donated $40 million this year to a Vancouver Art Gallery relocation project that will be christened the Chan Centre for the Visual Arts.

But right across the street from the existing gallery, a far different portrait of the Chan brothers is emerging, as they battle the Canada Revenue Agency in the Federal Court of Canada over a decade-long offshore tax dodge.

Numerous internal emails filed in court this summer reveal the Chans’ involvement in a KPMG offshore scheme so secret that neither tax collectors nor even their spouses were ever supposed to find out.

The Chan brothers may be the most prominent of several wealthy families whose identities have been revealed over the past few years as being part of the scheme.

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