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Canada's International Tax Advisory Panel Issues Consultation Paper, by Mike Godfrey, Tax-News.com, Washington
Last updated 18 hours ago | Sunday, May 11, 2008
The Advisory Panel on Canada’s System of International Taxation has
issued a consultation paper, Enhancing Canada’s International Tax Advantage.
The creation of the Advisory Panel was announced by the government in November
2007. Its goal is to help guide the establishment of an international tax policy
framework respecting foreign investment by Canadian businesses and investment
into Canada by foreign businesses.
“With increasing globalization comes more competition from foreign businesses,”
noted Peter C. Godsoe, the Panel’s chair. “Our panel’s goal
is to ensure Canada’s system of international taxation maintains its support
for Canadian businesses as they compete abroad, while continuing to attract
new foreign investment to Canada.”
The paper poses a series of questions about Canada’s international taxation
system, sets out some of the Panel’s initial views and invites public
comments on how to improve the competitiveness, efficiency and fairness of Canada’s
international taxation system.
Written submissions will be accepted until July 15, 2008. Information on how
to make submissions are detailed on the Panel’s website at www.apcsit-gcrcfi.ca.
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