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Imperial Canada Inc.: Legal Haven of Choice for the World's Mining Industries

por Alain Deneault

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Imperial Canada Inc. sets out to ask a simple question: why is Canada home to more than 70% of the world's mining companies? Created by the British North America Act of 1867, Canada, rather than turning away from its colonial past, actively embraced, appropriated, and perpetuated the imperial ambitions of its mother country. Two years later, it took possession of Rupert's Land--all of the land draining into Hudson Bay--and the North West Territories from the Hudson's Bay Company, 3 million square miles of resources, and set about its nation-building enterprise of extending its Dominion "from sea to sea." This Canadian imperial heritage continues to offer the extractive sector worldwide a customized trading environment that: supports speculation, enables capital flows to finance questionable projects abroad, pursues a pro-active diplomacy which successfully promotes this sector to international institutions, opens fiscal pipelines to Caribbean tax havens, provides government subsidies, and most especially, offers a politicized legal haven from any risk of litigious recourse attempted by any community seriously affected by these industries. Traditionally rooted in Canadian law, the right to reputation effectively supersedes freedom of expression and the public's right to information. Hence, Canadian "bodies corporate," i.e. Canadian-based corporations, can sue for "libel" any and all persons or legal entities that quote documents or generate analyses of their corporate practices that they do not approve of. Even foreign academics have become hesitant about presenting their work in Canada for fear of such prosecution. The authors of Imperial Canada Inc., all respected scholars in their fields, meticulously research four factors that contribute to the answer to this question: Quebec's and Ontario's mining codes; the history of the Toronto Stock Exchange; Canada's involvement with Caribbean tax havens; and, finally, Canada's official role of promoting itself to international institutions governing the world's mining sector.… (más)
Añadido recientemente pordemers.jc, Gingembre28, Phil-James, owishlist2, KPIRG
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“Through well-documented detail, Alain Deneault and William Sacher show how a permissive domestic policy and regulatory regime and an extreme level of investment speculation combine to allow some Canada-based mining companies to behave deplorably around the world. At a time when the Harper government is rolling back key environmental laws to accelerate resource development in Canada, Deneault’s and Sacher’s hard-hitting analysis and tone beg a timely question: If Canadians want to export not bad – but exemplary – corporate behaviour to the rest of the world, what standards must we hold our mining companies to here at home?”
añadido por Talonbooks | editarPembina Institute, Ed Whittingham
 
“Deneault and Sacher set out to answer a key question: Why are the majority of the world’s mining companies registered in Canada? The authors make it clear that this question urgently needs to be answered now, at a time when these mining companies are increasingly the bloodied face of Canada in remote and poor regions of the world, accused of grave human-rights and environmental abuses. Deneault and Sacher underpin their study with an examination of the speculative nature of trades in natural resources, the historical role of mining in Canada, and the ongoing close relationship of the industry to government, as reflected in permissive regulatory regimes, corporate subsidies, and lucrative tax arrangements for mining companies..”
añadido por Talonbooks | editarMiningwatch Canada
 
“Imperial Canada Inc. is a wake-up call. It details the scandalous behaviour of Canada’s mining industry and demands greater oversight from our governments, not the subservience and active promotion of mining-industry interests that we have now. The authors have created a valuable tool for anyone working for environ- mental protection, securities exchange regulation, tax reform, and social justice. It is a must-read for Canadians who value our reputation at home and abroad..”
añadido por Talonbooks | editarCanadian for Tax Fairness, Dennis Howlett
 
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Imperial Canada Inc. sets out to ask a simple question: why is Canada home to more than 70% of the world's mining companies? Created by the British North America Act of 1867, Canada, rather than turning away from its colonial past, actively embraced, appropriated, and perpetuated the imperial ambitions of its mother country. Two years later, it took possession of Rupert's Land--all of the land draining into Hudson Bay--and the North West Territories from the Hudson's Bay Company, 3 million square miles of resources, and set about its nation-building enterprise of extending its Dominion "from sea to sea." This Canadian imperial heritage continues to offer the extractive sector worldwide a customized trading environment that: supports speculation, enables capital flows to finance questionable projects abroad, pursues a pro-active diplomacy which successfully promotes this sector to international institutions, opens fiscal pipelines to Caribbean tax havens, provides government subsidies, and most especially, offers a politicized legal haven from any risk of litigious recourse attempted by any community seriously affected by these industries. Traditionally rooted in Canadian law, the right to reputation effectively supersedes freedom of expression and the public's right to information. Hence, Canadian "bodies corporate," i.e. Canadian-based corporations, can sue for "libel" any and all persons or legal entities that quote documents or generate analyses of their corporate practices that they do not approve of. Even foreign academics have become hesitant about presenting their work in Canada for fear of such prosecution. The authors of Imperial Canada Inc., all respected scholars in their fields, meticulously research four factors that contribute to the answer to this question: Quebec's and Ontario's mining codes; the history of the Toronto Stock Exchange; Canada's involvement with Caribbean tax havens; and, finally, Canada's official role of promoting itself to international institutions governing the world's mining sector.

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