back in 2007, mastercard set up a new global foundation. They were convinced (by someone?) to set up in Toronto. When announced, they also announced that two of the 7 initial board members would be canadians... then president of the University of Waterloo David Johnston and then managing director of Onex corp. Nigel Wright.
so i'm wondering now if harper has some similar play up his sleeve. Canada's laws require 3.5% disbursement of assets per year, compared to 5% in usa. I believe mastercard chose to set up when they did due to an impending IPO, and therefore gained a significant tax benefit. Any big american companies headed for IPO anytime soon?
Last edited by danishh; Feb 20, 2015 at 9:23 AM.
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