Liberal Leader Mark Carney’s former firm Brookfield has registered more than a dozen business entities to an infamous address in the Cayman Islands that former U.S. president Barack Obama once described as either “the largest building in the world or the largest tax scam in the world.”
CTV News reviewed U.S. Securities and Exchange Commission filings between 2015 and 2024 that show the global investment firm registered limited companies and limited partnerships to a five-storey building in the capital of the self-governing British Overseas Territory.
That building is known as Ugland House, and is home to at least 18,000 corporate entities. The Cayman Islands charges no income or corporate taxes.
