After amassing a fortune selling scrap metal in South Africa, Peter Cooper immigrated to Canada in the mid-1990s with his sons Marshall and Richard and their families.
They settled in Victoria, purchased luxurious homes and became permanent residents — qualifying for Canadian health care and other social services.
But that also meant they would eventually have to start paying tax on their investment income from $25 million in offshore accounts.
Instead, in December 2001, Peter and his sons signed up for a massive offshore tax dodge designed and run by the Canadian accounting firm KPMG and paid virtually no income tax for more than a decade, according to documents filed in the Federal Court of Canada and the Tax Court of Canada.
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