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Canada Archive

  • June 2019

    The negative aspects of ICAP

    June 24, 2019

    While feedback on the International Compliance Assurance Programme (ICAP) has been overwhelmingly positive, unsurprisingly, the first pilot did encounter some teething problems.

  • Tax heads encourage more companies to use ICAP

    June 21, 2019

    Tax leaders from Barilla, Repsol and Shell have encouraged their contemporaries to sign up for the International Compliance Assurance Programme (ICAP), before the window to get involved closes later this month.

  • Case study: Repsol’s participation in ICAP

    June 19, 2019

    Rocío Bermúdez, tax global practices & transfer pricing senior manager at Repsol, spoke to ITR about her company’s participation in the first pilot of the International Compliance Assurance Programme.

  • J5 cyber tax crime unit investigating global financial institution

    June 05, 2019

    Data scientists and criminal investigators from the Joint Chiefs of Global Tax Enforcement initiative, or the J5, are involved in more than 50 investigations concerning sophisticated international enablers of tax evasion, including one global financial institution and its intermediaries.

  • May 2019

    Exercising judgement as the head of tax

    May 28, 2019

    Heads of tax are called upon to make decisions continually, ranging from routine choices to the less frequent, but materially significant. Making decisions involves a combination of exercising judgement and drawing on structured processes to reduce risk writes Sandy Markwick, head of the Tax Director Network at Winmark.

  • Taxpayers say a sabbatical on BEPS would be a good thing

    May 01, 2019

    Tax directors have criticised a post-BEPS environment for emboldening less experienced, less technically-knowledgeable tax authorities to start transfer pricing audits based on “unsound arguments” to crack down on aggressive tax planning.

  • April 2019

    Norton Rose Fulbright hires tax partner in New York

    April 22, 2019

    Norton Rose Fulbright has appointed David Burton as a renewable energy tax partner to help global clients with finance and energy transactions.

  • McCarthy Tétrault hires Raj Juneja in Toronto

    April 19, 2019

    McCarthy Tétrault has hired Raj Juneja as an equity partner to its transactional and tax advisory practice in Toronto.

  • ITR Americas Tax Awards 2019: Submit now

    April 10, 2019

    International Tax Review is now accepting submissions for the 2019 Americas Tax Awards.

  • Media companies support digital taxation proposals

    April 05, 2019

    Media-related businesses are united in their desire to ‘level the playing field’ on taxing traditional and digital companies, but they do not all agree on the best way forward.

  • The world’s best tax transactional firms 2019

    April 03, 2019

    International Tax Review presents key trends and developments in the tax transactional market and ranks the best firms to help companies navigate the post-BEPS environment that poses challenges in restructuring and mergers and acquisitions.

  • Survey: Untangling CFC rules and regimes

    April 01, 2019

    Companies have to navigate a web of differing rules targeting controlled foreign corporations (CFCs) and their shareholders, but the process is far from easy when the distinctions in each country’s rules risk unexpected audits or an unreasonably high tax burden.

  • March 2019

    Stepping up: Companies get into the stride of post-BEPS tax transactions

    March 21, 2019

    After a buoyant start to 2018, M&A activity tailed off in the final quarter of the year. Despite this, for transactional tax, many large companies are restructuring as they adjust to the US Tax Cuts and Jobs Act, post-BEPS rules such as the EU Anti-Tax Avoidance Directive, and to the new reality of the digital economy.

  • Government and customers – the driving force of digitisation

    March 21, 2019

    Kim Hau, senior proposition manager for ONESOURCE Indirect Tax at Thomson Reuters, explains why corporate indirect tax teams must shift their approach from ‘surviving’ the compliance cycle to a more proactive and considered way of working.

  • France to push G7 countries for a global minimum corporate tax

    March 21, 2019

    France plans to make significant progress with members of the G7 group of countries to reach an agreement on a minimum corporate tax rate, after the OECD has presented its work on taxing the digital economy to the G20 in June.

  • Canada to boost tax authority audit resources

    March 20, 2019

    The Canada Revenue Agency (CRA) will receive an additional C$150.8 million ($113.1 million) over five years to hire additional auditors, create a data quality examination team targeted at non-residents, and extend schemes aimed at tackling offshore non-compliance.

  • MNEs accept higher tax burden is inevitable at OECD digital tax consultation

    March 14, 2019

    Corporate tax heads at the OECD digital tax consultation in Paris admitted that they would need to bow to political pressure and accept potentially painful reforms.

  • Women in tax explain how to deal with gender stereotyping

    March 08, 2019

    Leading women in tax share their personal experiences and the resistance they overcame at the beginning of their careers to succeed, offering tips to aspiring leaders.

  • February 2019

    Companies struggle to distinguish Quebec users for VAT compliance

    February 12, 2019

    Foreign businesses are grappling with the ambiguity of Quebec’s digital VAT rules as it becomes the only Canadian territory to extend its sales tax to include online goods and services provided by non-resident sellers.

  • Submit now for World Tax and World TP 2020

    February 11, 2019

    We are pleased to announce the official launch of World Tax and World TP 2020.

  • Investor pressure drives corporate tax policy development

    February 01, 2019

    Investors are giving serious consideration to their targets’ corporate tax policies before agreeing on the deal, but there are a number of companies that still have no such policy in place.

  • January 2019

    Financial institutions adapt to tax transparency

    January 28, 2019

    Tax transparency initiatives such as the CRS, AEOI and FATCA, and the upcoming mandatory disclosure rules, are having a profound impact on the operations and IT infrastructure of financial institutions (FIs) worldwide. Ronald Frey, chief product officer of the RegTech product unit within BearingPoint, discusses how these are creating trends towards data alignment and centralisation, and are changing the role of FIs and wealth managers in cross-border tax reporting.

  • The battle for resources: Making the case for tax departments

    January 28, 2019

    The rate of change in the tax regulatory environment in recent years has been rapid, arguably more so than at any other time in recent history. Heads of tax are competing with colleagues in other functions for a share of finite budgets. The challenge is to show value for money, writes Sandy Markwick, head of the Tax Director Network at Winmark.

  • Canada: Canada confirms withholding tax can apply to the assumption of accrued interest

    January 28, 2019

  • Not another tax department transformation

    January 28, 2019

    One of the principal subjects of discussion and analysis in tax in recent months is digitalisation. I am not only talking about the OECD, EU and unilateral proposals to address the taxation of the digital, or digitalised, economy, but also the potential of digital innovations to change business, tax administration and tax department processes.

  • Wolrige Mahon Collins Barrow rebrands as Baker Tilly

    January 09, 2019

    Wolrige Mahon Collins Barrow has rebranded as Baker Tilly Canada after decades as a member of the international network.

  • What the G20 should know about international cryptocurrency tax policy

    January 07, 2019

    International cryptocurrency tax policy can achieve trust if it is done correctly, writes Michael Minihan, partner at BX3 Capital.

International Correspondents