A CBC News hidden-camera investigation into the world of offshore banking revealed bankers, lawyers and accountants providing advice on hiding money from Canadian tax authorities.
More than half of the offshore service providers tested with hidden cameras by the CBC in Canada and Barbados provided advice that wouldn’t stand up to scrutiny, according to CBC experts.
One of the schemes involved a Canadian-Swiss banker and his plan for hiding undeclared cash in Switzerland using a method that, a panel of experts consulted by CBC News said, is virtually “untraceable.”
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The CBC’s Journalistic Standards and Practices stipulates, on the subject of clandestine methods of news-gathering: “We will hide our recording equipment only in circumstances where we believe it would be difficult or impossible to gather the information by acting more openly.”
Only with the permission of management may producers infringe this guideline. In this case, management evidently gave permission.
Management is not always right. Before deciding whether in this case it was, one would have to know more about the situation than the author of this blog does.