The Canada Revenue Agency will be encouraged to increase its use of information gathering powers granted to it under the Canadian Income Tax Act during transfer pricing audits, after the Federal Court allowed its foreign-based information request to examine footwear retailer Soft-Moc’s tax affairs last week.
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MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process
The sprawling legislation phases out Joe Biden-era green tax incentives for businesses; in other news, the UK will reportedly maintain its DST despite US pressure