Flaherty Folding?
Unfortunately, it looks like the Finance Minister may be folding on foreign-affiliate interest-deductibility.
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The China Syndrome
The following, from today’s Toronto Star, includes some commentary from yours truly: The China syndrome: A new condition characterized by the apparent reluctance of a certain national government to embrace an emerging, global economic power May 05, 2007
Read moreDion Swerves Right of Harper
Apparently following Andrew Coyne’s advice, Dion seems to be positioning himself to the right of Harper on tax policy. This move casts further doubt on Dion’s promise of a progressive alliance with the Greens. When the Conservatives cut the GST, the Liberal response was not that this move would take money away from important public services, but that it would […]
Read moreFear and Loathing on Bay Street
Budget 2007 made interest on funds borrowed in Canada to finance foreign business operations nondeductible from Canadian corporate taxes. Finance Canada suggested that this arcane reform would raise relatively little revenue and, initially, business barely seemed to notice. More than a week after the budget, a Globe editorial and a Financial Post op-ed criticized the change as a huge ‘tax […]
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