In Olympia Trust Company, 2014 TCC 372, the Tax Court of Canada held that the trustee (Olympia) of a self-directed registered retirement savings plan (RRSP), was liable under section 116 of the Income Tax Act (Canada) for withholding tax that was not remitted by or on behalf of non-resident vendors in the context of the sale of shares that were taxable Canadian property (TCP) where such shares were to be held as property of the RRSP.
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Despite a general decline in corporate tax rates around the world, jurisdictions are now more reliant on it than in 1990, a Tax Foundation economist found
Australian law firm Webb Henderson’s report said PwC had met 46 of 47 targets; in other news, the OECD has issued new transfer pricing country profiles
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E-invoicing is currently characterised by dynamism, with fragmentation acting as a key catalyst for increasing interoperability, says Aida Cavalera of the International Observatory on eInvoicing
Peter White, who has a tax debt of A$2 million, has been banned for five years from seeking registration with Australia’s Tax Practitioners Board (TPB)
Wopke Hoekstra’s comments followed US measures aimed against ‘unfair foreign taxes’; in other news, Grant Thornton and Holland & Knight made key tax partner hires