The Canada Revenue Agency (CRA) has revealed how it will identify high-risk taxpayers as audit targets in its response to questions posed by the Tax Executives Institute (TEI) which was published today. And the tax authority said there will be no scope for companies to negotiate better risk ratings once they have been determined.
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The US president also unveiled a new 50% levy on copper imports; in other news, a UK wealth tax proposal has been criticised by the Institute for Fiscal Studies
MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process