Tax expert says Carney’s Brookfield Asset Management paid $0 in last three years

Filings with the US Security and Exchange Commission (SEC) show that with Mark Carney as chair, Brookfield Asset Management paid $0 in taxes from 2022-2024 - while reporting $1 billion in profit.

Tax expert Brigitte Alepin reviewed Brookfield Asset Management’s annual report and found that despite its profits, the company reports paying no income tax.

[See chart by Brigitte Alepin here]

Mark Carney led the company from 2022 until January of this year.

Alepin called on Carney to explain how he structured Brookfield to avoid Canadian taxes.

Last week it was revealed that two funds personally managed by Carney are registered in Bermuda, a well-known tax haven.

The SEC filing Alepin relied on is available here.

Carney continues to refuse to tell Canadians what assets he put into his blind trust or whether he has stock options in Brookfield.