Canada to Discuss Its Response to BEPS …Affirms Its Commitment to a Free Trade Agreement with Europe…Some Implications for OFCs

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

Do Canada’s Reforms Promote Tax Fairness?

(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?

Canada Cracks Down on Domestic Tax Cheats.

(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.

A Private Registry of Shell Company Owners…

…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 To Face G-8 Pressure Over Tax Evasion Response.

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.