Global

Profession

Five ways Donald Trump’s election victory is good for Canadian accountants

From taxes and tariffs to deregulation, Donald Trump may scare Canadian economists, but accountants are sure to benefit from a second Trump term
Thought Leaders

‘We remain concerned’: Senate inquiry into PwC tax scandal calls for reform, but overuse of consultants will likely continue

Despite scathing public inquiry reports about the PwC Australia tax consulting scandal, it would take decades to reduce government reliance on consultants
Thought Leaders

Taxes aren’t just about money — they shape how we think about each other

Research shows taxpayers perceive paying income tax, but not regressive sales taxes, as contributing as a citizen for the purpose of the common good
Thought Leaders

Why the world is turning away from the US dollar

Geopolitical divisions with the United States will continue to cause additional friction and the role of the US dollar is almost certain to become more limited
Thought Leaders

Australia has one of the weakest tax systems for redistribution among industrial nations – Stage 3 tax cuts will make it worse

Where does Canada rank on the global scale of income redistribution through taxation? Jim Stanford’s article on the gini coefficient provides answers
Thought Leaders

Is capitalism dead? Yanis Varoufakis thinks it is – and he knows who killed it

In light of the deal between Canada and Google, we present this thought leadership article on technofeudalism, an economics term coined by Yanis Varoufakis
Thought Leaders

Wealthy but worried: why the UK’s top 10% are turning their backs on the rest of society

A thought leadership article on high income earners in the UK may hold some insights into Canadian attitudes towards inequality and taxation among the wealthy
Thought Leaders

IRS is using $60B funding boost to ramp up use of technology to collect taxes — not just hiring more enforcement agents

After a decade of underfunding, the Internal Revenue Agency is receiving a cash injection, similar to the reinvestment in the CRA by the Trudeau government
Profession

CIMA and CPA Canada sign Memorandum of Understanding

MOU will mean a wider range of employment opportunities for CPAs and will allow Canadian businesses access to a deeper pool of management accounting talent
Thought Leaders

Challenges to free trade reveal a big change in conservative ideology

A shift in conservative ideology towards protectionism, not free trade, is not new in Canada and could have profound effects for business leaders such as CPAs
Transfer Pricing

Royal Bank Of Canada: A common sense approach to tax treaty interpretation

Michael Hunt and Steven Wenham of Herbert Smith Freehills LLP explain a transfer pricing ruling in the UK Supreme Court in favour of RBC and an oil exploration loan
Practice

How to legitimately defer the worst of Canada's departure tax when becoming a non-resident and moving to another country

The departure tax can create a substantial and unforeseen tax bill for the unaware emigrating taxpayer explains tax lawyer and accountant David J. Rotfleisch
Thought Leaders

Taxing the wealthy to the hilt would make us all much better off

Western University professor Tom Malleson presents five reasons for levying high taxes on the very rich, from the environment to (reduced) social friction
Profession

Sunday News Roundup 22.09.11: EY announces split and more Canadian accounting news 

Wrapping up the odds and ends from the past week in Canadian accounting news
Thought Leaders

The United States has rejected the OECD minimum tax. Canada should as well – Part II

Allan Lanthier: The OECD rules were developed by committee after committee and compromise after compromise, and it shows
Thought Leaders

The United States has rejected the OECD minimum tax. Canada should as well – Part I

Allan Lanthier: We should not hamstring our job creators at the precise time when our giant competitor to the south has rejected the tax
Profession

We called it: Former CPA Canada head appointed ISSB regional director

Charles-Antoine St-Jean appointed Regional Director—Americas of the International Sustainability Standards Board — an appointment we predicted
Taxation

Canada confirms intention to institute new interest and deductibility rules

Marc Pietro Allard and Marc André Gaudreau Duval of Davies on the implications of new excessive interest and financing expenses limitation rules
Thought Leaders

Most companies buying renewable energy certificates aren’t actually reducing emissions

Accounting sustainability standards must change say academics
Taxation

Canada among low corporate tax jurisdictions as global average falls

New trend of rising rates has already begun, says international accounting network
Thought Leaders

The OECD corporate minimum tax: a disaster in the making

Allan Lanthier says it's time for accounting firms, bodies and industry groups to challenge the flaws in the OECD global corporate minimum tax plan
Thought Leaders

10 things everyone should know about taxation

Why Québec Premier François Legault’s ethically and legally questionable tax on the unvaxxed was not a tax but a levy
Profession

Happy New Year from Canadian Accountant

We wish you safety, success and happiness in 2024! We return on Tuesday with more great stories from the Canadian accounting profession!
Profession

Canadian accountants thrilled with awarding of new ISSB disclosure standards hub

Montreal one of three global hubs for new accounting body based in Frankfurt
Thought Leaders

The Pandora Papers: How punishing tax cheats can serve as a deterrent

Punishing tax evasion enablers could also compel taxpayers to comply with tax laws, says Professor Tisha King, CPA, CGA