Why does it matter?
#IsraelBonds are used to not only maintain the occupation but expand and develop it. The State of Israel has also clearly explained in its SEC filings, that Israel Bonds are important to its actions in Gaza since October 7, 2023 – thereby establishing evidence that Israel Bonds support genocide. That being said, irrespective of October 7, Israel Bonds have and continue to be an integral factor in Israel’s establishment and continued presence as an occupier and apartheid state.
In a recent report from Law for Palestine, the legal organization details how allowing the sale of Israel Bonds constitutes “aid or assistance” to the Israeli occupation, in contravention of the July 2024 ICJ Advisory Opinion, and violates States’ duty to prevent genocide.
https://law4palestine.org/legal-opinion-on-luxembourgs-hosting-of-israeli-bonds/
Arguably, because Israel Bonds are so integral to Israel’s military, funding Israel Bonds also goes against CRA’s own policy which prohibits support for foreign military. The CRA is also clear, charities are not permitted to support foreign governments: “[G]overnments outside Canada are not [qualified donees]. Charities can conduct activities abroad...however, a charity is not able to simply gift funds overseas without either sufficient evidence of direction and control over the use of its funds, or evidence of the accountability requirements being in place.”
https://www.canada.ca/en/revenue-agency/services/charities-giving/charities/policies-guidance/guidance-002-canadian-registered-charities-carrying-activities-outside-canada.html
https://www.justpeaceadvocates.ca/response-regarding-funds-to-governments-in-other-countries-including-municipalities/
While there is no clear directives on charities obligations regarding investments in foreign bonds, what is clear is CRA’s #legal responsibility under domestic and international law. As an arm of the #Canadian Government, the CRA holds responsibilities as a Third State, as noted above. Therefore, #CRA must adequately regulate the organizations under its purview by suspending and/or revoking charitable status.
Canadian #charities should not be investing funds in or providing direct funds to Israel Bonds because it:
• Supports a foreign military (in violation of CRA policy)
• Supports a foreign government (in violation of CRA policy)
• Implicates the CRA a government of a Third State by providing “aid and assistance” to the Israeli occupation and failing to prevent genocide (both in violation of Canada’s legal obligations).
The CRA must take action to ensure charitable funds and charity investments do not support genocide through State of Israel Bonds.
#CDNpoli IsraelIsATerroristState #ZionismIsACult #BigotBabykillers #GenocidalManiacs #BoycottIsraeliApartheid #BDSMovement #OstracizeZionists #BoycottIsrael #BoycottUSA #ExposeZionazis #RevokeCharityStatus #FraudulentCharity #FreePalestine #FeedPalestine #PalestineSovereignty #SanctionIsrael #AbolishIsraelBonds #ZionistFraud #ColonizerCrimes
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