Canadian tax experts from industry and the public sector will discuss what Canada’s response should be to the OECD Base Erosion and profits Shifting (BEPS) agenda. Hosted by Bloomberg BNA and Baker and McKenzie the talks will be facilitated through two events : The 3rd Annual Global Transfer Pricing Conference: Toronto, which will take place… More Canada to Discuss Its Response to BEPS …Affirms Its Commitment to a Free Trade Agreement with Europe…Some Implications for OFCs
Your summary of the biggest tax, trade and investment headlines affecting International Business and Financial Services. US Blocks G20 Crackdown on Web Giants Tax Avoidance FATCA: How to Lose Friends and Influence People France May Back-Peddle on Internet Companies Tax EU Interested in FTA with Latin American Countries First Round of EU-US Trade and Investment… More franhendy’s OFFSHORE WEEKLY
(Image: CNN.Money) Is Canada legislating ‘tax fairness? If so, for whom? Here’s a list of some proposed changes about which the Canadian government has invited consultations until September 13; a week after this year’s G20 summit takes place in St. Petersburg Russia. A new regime for Canadian foreign affiliates to guarantee an appropriate income inclusion for… More Do Canada’s Reforms Promote Tax Fairness?
(Image: Calagary Herald) Canada’s Revenue Authority (CRA) has made it clear that failure to report any income from domestic or foreign sources is illegal, and that it will actively pursue cases of non-compliance. These and other tougher foreign income declaration requirements, were announced by PM Stephen Harper in his latest budget and is part of the… More Canada Cracks Down on Domestic Tax Cheats.
…could be the G8’s Plan ‘B’ in the event they fail to agree on a pubic register of beneficial owners of shell companies. In fairness to Canada then, that country may not be the only ‘spoiler’ at next week’s meeting, at least with respect to this centrepiece of Cameron’s transparency agenda, since both Putin and… More A Private Registry of Shell Company Owners…
Canada is just not doing enough to fight tax evasion. In particular, it is alleged that the Harper-led government is resisting efforts to mandate the adoption of public registers disclosing the beneficial owners of offshore accounts and shell companies. According to Canadians for Tax Fairness, Canada is also not as enthusiastic as they would like… More Canada To Face G-8 Pressure Over Tax Evasion Response.
Let’s say you own a Circus and 90% of your revenue is generated internationally but you pay $25 in taxes out of every $100 you earn in royalties from the use of your trademark. Let’s say that you could legally ‘ship’ your trademark offshore to a country where the tax on royalties is 5.72% saving… More Cirque Joins the Circus: Quelle Surprise?!