Here is a look at global wealth including income inequality, poverty, wealth creation, tax havens and wage gaps.

1. 2017 GLOBAL WEALTH
REPORT
BY: PAUL YOUNG, CPA, CGA
DATE: NOVEMBER 15, 2017

2. PAUL YOUNG - BIO
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. AGENDA
• Change in Global Wealth by Region
• Year over Year change (Market Capitalization and Housing Prices)
• World Wealth Level by geography
• Change in Wealth by Year
• Income inequality
• Tax Havens
• Taxing people to wealth
• Hollywood Elite
• Blogs – Income Inequality

4. CHANGE IN WEALTH BY GEOGRAPHY AREA
Source - http://publications.credit-suisse.com/index.cfm/publikationen-shop/research-
institute/global-wealth-report-2017-en/

5. CHANGE IN WEALTH BY GEOGRAPHY AREA
Source - http://publications.credit-suisse.com/index.cfm/publikationen-shop/research-
institute/global-wealth-report-2017-en/

6. WORLD WEALTH BY GEOGRAPHY
Source - http://publications.credit-suisse.com/index.cfm/publikationen-shop/research-
institute/global-wealth-report-2017-en/

7. CHANGE IN WEALTH BY YEAR
Source - http://publications.credit-suisse.com/index.cfm/publikationen-shop/research-
institute/global-wealth-report-2017-en/

8. Source - https://www.bloomberg.com/news/articles/2016-11-24/chile-mexico-u-s-have-highest-inequality-
rates-oecd-says
INCOME INEQUALITY

9. OFFSHORE TAX HAVENS
Source - https://www.nextbigfuture.com/2017/09/over-10-of-the-world-gdp-is-in-offshore-bank-tax-
havens.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28next
bigfuture%29

10. CANADA AND OFFSHORE TAX HAVENS
• Source - https://www.nextbigfuture.com/2017/09/over-10-of-the-world-gdp-is-in-offshore-bank-tax-havens.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28nextbigfuture%29 and Stats Canada
Offshore
Tax Havens
5%
Offshore
Tax
Havens
$87B
GDP % GDP$

11. CANADA AND TAX HAVENS
Source - http://projects.thestar.com/panama-papers/canada-is-the-worlds-newest-tax-haven/
Toronto Star – January 25, 2017
Federal Finance Minister Bill
Morneau says his government sees
this as an important issue and that
he is working with his provincial
colleagues to bring greater
transparency to the corporate
registration system.
“We as a government, and I
personally, am committed to
making progress on ensuring
that we are not providing any
haven for any inappropriate
activities and that we’re
having companies and
individuals paying the share
of tax that should be due,” he
said in an interview.
Toronto Star – January 25, 2017

12. OECD AND TAX HAVENS (BEPS)
Source - http://www.taxjustice.net/2015/10/05/press-release-oecds-beps-proposals-will-not-be-the-end-of-tax-avoidance-by-multinationals/

13. OECD AND TAX HAVENS
Source - https://www.brookings.edu/blog/future-development/2017/09/14/finding-the-missing-
linkages-in-your-tax-base/

14. TAXING PEOPLE TO WEALTH

15. HOLLYWOOD ELITE
Source - http://fightingbroke.com/wealth-inequality-in-america/ or https://www.inc.com/quora/why-are-ceos-criticized-for-income-inequality-while-hollywood-actors-seem-to-get.html or
http://www.vogue.co.uk/article/highest-paid-actors-list-2017-mark-wahlberg-the-rock or http://ew.com/movies/2017/09/08/jennifer-lawrence-hurricanes/ or
http://pugbus.net/artman/publish/Celebrity_Features_5/04077002_11_cruisewarming_printer.shtml
2017 Mr. Cruise then accused the UN of wanting
to make people dependent on reducing fossil
fuel consumption, "but solutions can't be
found in pills."
The "cure" for higher temperatures can be
found in the teachings of Scientology, said
Mr. Cruis

16. BLOG – INCOME INEQUALITY
• Justin Trudeau keeps speaking in the house that his government has reduced
poverty rates in Canada. The reality there is no data that supports Trudeau claim
in terms poverty reduction. The whole statement comes from the Liberal 2015
election campaign - https://www.liberal.ca/realchange/fighting-poverty/.
• The reality is that since 2015 the low income has seen tax credits removed as
part of the government eliminating tax credits. Fraser Institute has said 61% of
the bottom 20% are paying more taxes since Trudeau took office -
https://www.fraserinstitute.org/sites/default/files/effect-of-federal-income-
tax-changes-on-families-in-the-bottom-20-percent-of-earners.pdf
• Source - https://www.slideshare.net/paulyoungcga/low-income-and-poverty-
canada-november-2017
•

17. BLOG – INCOME INEQUALITY
• http://thetyee.ca/News/2016/03/08/UN-Tells-Canada-Clean-Up-Inequality/http://thetyee.ca/News/2016/03/08/UN-Tells-Canada-Clean-
Up-Inequality/
• I am getting tired of the UN pushing their policies. How about going after China/India/other countries that have high poverty levels.
• Do we have issues? Yes! Does the new budget address those issues? No
http://www.vancouversun.com/opinion/columnists/cayo+some+forms+inequality+better+some+much+worse/11804872/story.html or
• 1. Scandinavia vs- Canada - https://www.youtube.com/watch?v=Y2jobYcTsXY
• 2. Middle Class https://www.youtube.com/watch?v=hoZ96sCQ-sQ
• 3. Income inequality - https://www.youtube.com/watch?v=TulkPgfR-
• 4. Guarantee Income - https://www.youtube.com/watch?v=0UrgSeNDCPo
• http://www.cbc.ca/news/business/tax-changes-inquality-1.4285436
• Canada is middle of road when it comes to income inequality: https://www.bloomberg.com/news/articles/2016-11-24/chile-mexico-u-s-
have-highest-inequality-rates-oecd-says
• Harper had it right in terms of supporting income issue - http://globalnews.ca/news/1356467/tax-cuts-since-2005-net-canadians-30b-
pbo/. Consumption taxes hurt the poor to middle class more than the top 1%.
• The top 1% pay close to 20% of the federal income tax - https://www.slideshare.net/paulyoungcga/top-1-wealthiest-income-earners-
canada-2013-and-2014-analysis-and-comments. Liberals continue to think taxing the rich will fixed the issues with income inequality. The
problem is that you cannot tax people to prosperity
• The best solution to income inequality is creating the conditions that jobs grow in the goods producing sector or jobs that require advance
skills. https://www.slideshare.net/paulyoungcga/august-2017-canada-employment-market. If Trudeau and his team spent more time on
getting projects of the ground and/or expanding exports then you could see more decent jobs returning to Canada. Trudeau goals seems to
want to build a system that has people dependent on government - https://www.slideshare.net/paulyoungcga/what-is-agenda-2030

18. SUMMARY
• Rich keep getting richer
• Too many governments are introducing punitive taxes like carbon taxation
• Not enough is being done to shut down tax havens
• Too much government and private debt
• Real estate is over valued in many areas
• Too much speculation
• Housing affordability the worse in decades
• Passive income rules for investment need to be reviewed world wide
• Dividend tax credits
• Capital gains