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Last fortnight, the Indian finance minister unveiled the much talked about new Income Tax code, which aims to enhance and modernize the Indian tax system, and which appears to envisage general anti-avoidance rules (otherwise known as GAAR), similar…
This article from BusinessDay (South Africa) demonstrates that, like night follows day, taxation follows fiscal stimulus! Recession is taxing the mind of governments
SOUTH African directors should get further guidance to bring a higher level of transparency and corporate governance best practice to their companies, in light of the recommendations in the third government sponsored report on enhancing domestic corporate governance.…
President Dmitry Medvedev ordered prosecutors to investigate Russia’s state corporations on Friday, questioning the need for the powerful institutions championed by Prime Minister Vladimir Putin. The way forward for these state enterprises, is to remove the super-protection and…
Prime Minister Harper endorses a review of the controversial $1.13 billion (U.S.) deal that will see Ericsson gain control of some of Nortel’s highly valued, next-generation wireless technology, but makes it clear that he does not support increased…
Dubai: The business community on Monday hailed an amendment to the UAE Company Law that eliminates the minimum capital requirement, allowing partners in limited liability companies (LLC) to decide how much capital is required to achieve their purposes. Amendment to…
“Buy American” rules that Congress included in the U.S. economic stimulus package don’t endanger free trade with Canada, President Barack Obama said after meeting with the leaders of Canada and Mexico. Obama: Buy US does not hurt Canada
Prime Minister Stephen Harper will sign a free-trade agreement with Panama on Tuesday morning, giving Canadian business greater access to the small but fast-growing Central American economy. story.html?id=1881037
This paper examines the competitiveness of the business tax regimes in Canada’s four western provinces. The discussion focuses on the tax burden imposed on investment, as measured by the marginal effective tax rate (METR) on capital. business_taxation_western_can.pdf
Canada’s Current Fiscal Imbalance
Personal and corporate income taxes, and excise tax revenue are down, with corresponding increases in program expenses. Program expenses in June 2009 were $20.7 billion, up $4.2 billion, or 25.2 per cent, from June 2008. This increase is…