Canada's new international business tax proposals: a closer look
Article originally published in the Multinational Tax & Transfer Pricing News, August 2016
Excerpt from "Canada’s new international business tax proposals: a closer look":
We previously reported that Canada’s Department of Finance had released draft tax legislation to implement measures announced in the 2016 Federal Budget. These measures include (among other things) new rules to address debt parking transactions undertaken to avoid foreign exchange gains on foreign currency denominated debt, the extension of the back-to-back loan rules, and the implementation of the OECD’s country-by-country reporting requirements.
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