Canada's International Tax Advisory Panel Issues Consultation Paper

by Mike Godfrey, Tax-News.com, Washington

12 May 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.

Recommended