Canadian companies that conduct business internationally should consider the effect of potential changes that could impact international taxation.
Canadian companies that conduct business internationally should consider the effect of potential changes that could significantly impact international taxation. As part of its ongoing work to address tax challenges arising from the digital economy, the Organisation for Economic Cooperation and Development (OECD) has released a new consultation paper on its proposals to ensure that profits of internationally operating businesses are subject to a minimum rate of tax. The OECD consultation paper advises that this minimum tax rate will be decided once other key design elements of the proposal are developed. The OECD's paper requests feedback on its proposal, including options on how to:
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