The NHL's Montreal Canadiens are among 3,300 Canadian organizations to be named in a massive leak of records from offshore law firm Appleby. The leak, known as the Paradise Papers, lists companies that may have benefited from offshore accounts in the Cayman Islands and Bermuda designed to avoid paying domestic taxes. CBC News reports that the Canadiens, an Appleby client since 1980, set up two trusts (one of which was shut down in 2010). The organization issued a statement to CBC's Valerie Ouellet, saying that its accounts were "in full compliance with the existing Canadian tax legislation." Now, the Canadiens are not necessarily in the wrong just for having offshore accounts. The Paradise Papers website lists a disclaimer that "there are legitimate uses for offshore companies and trusts. We do not intend to suggest or imply that any people, companies or other entities included in the ICIJ Offshore Leaks Database have broken the law or otherwise acted improperly." This is just a list of companies involved in these accounts.
Paradise Papers: Montreal Canadiens issue denial after being named in leak
CBS Sports | Nov 7