Competitiveness, Tax and Unilateral State Action. A Canadian Perspective.

“For its part, Ottawa must decide if and when it will introduce legislation to implement BEPS and, having regard to the international competitiveness of Canadian business, to what extent it will do so without firm commitments that our major trading and treaty partners will follow suit – in particular the United States, where the legislative… More Competitiveness, Tax and Unilateral State Action. A Canadian Perspective.

Are TIEAs Past Their ‘Sell By’ Date?

Maybe! Sixty more countries have signed, or indicated their commitment to sign the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters (‘the Convention’). This multilateral agreement provides for spontaneous taxpayer information exchange, simultaneous tax assessments and assistance in the collection of taxes. OECD Secretary General Angel Gurría has touted this latest wave of admissions as another winning… More Are TIEAs Past Their ‘Sell By’ Date?

The Swiss Aren’t in the Business of Killing Lions.

I’m not sure I buy the argument that African money stashed away in Swiss bank accounts will cause the extinction by 2020 of Kenya’s lions. It is true however that the amounts reported for several African countries with known lion ‘prides’ are staggering: Kenyans $857 million Tanzania $178 million Uganda $159 million Rwanda $29.7 million… More The Swiss Aren’t in the Business of Killing Lions.

Yoga Leader Promises Anti-Tax Haven Hunger Strike.

Baba Remdev – a yoga guru – is a national celebrity in India. Every day his television show is watched by millions. He is also no stranger to hunger protests which he uses to spotlight his concerns about India’s problems with corruption and the reported $500bn in ‘black money’ illegal stashed in foreign tax havens. The Yogi’s concern is… More Yoga Leader Promises Anti-Tax Haven Hunger Strike.

What Happens to ‘Exempt Surplus’ if Canada’s TIEAs Fail…

…to deliver access to tax-payer information according to standards set out in its new Tax Information Exchange Agreements (TIEAs) with ‘zero-tax’ havens? Perhaps the answer depends on the real motivation behind Canada’s abandonment of its longstanding ‘exempt-surplus’ policy which provides for the tax-free repatriation of profits (in the form of dividends) from the foreign affiliates of its… More What Happens to ‘Exempt Surplus’ if Canada’s TIEAs Fail…