In a previous career as a banker, a Tory MP from B.C. approved a transfer of funds on behalf of a Canadian taxpayer to an account in Switzerland, an account the taxpayer ultimately set up to help evade taxes, CBC News and the Globe and Mail have learned.
A joint investigation by CBC News and the Globe and Mail has uncovered court documents that show Andrew Saxton, the Conservative MP from North Vancouver, instructing the transfer of $199,975 into a Swiss bank account in 1994 on behalf of a Canadian RBC Dominion Securities client in Victoria.
Saxton was the head of private banking for the Vancouver branch of Credit Suisse Canada from 1992 until 1994, when he left for a series of HSBC banking posts across Asia. He is now the parliamentary secretary to the Treasury Board after having been elected to Parliament in 2008.
The revelations came to light in an affidavit by Russell Lyon, an auditor with the Canada Revenue Agency who investigates Canadians suspected of using offshore tax havens.
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http://www.cbc.ca/money/story/2010/11/04/andrew-saxton-credit-suisse-tax-haven.html