CRA Update

Matthew Wall CRA Updates, Transfer Price

The CRA will receive $1 billion to crack down on tax evasion and avoidance. The 2018 Federal Budget committed $90.6 million over five years, plus $524 million in the 2017 Budget and $444 million in the 2016 Budget.

IRS Update

Matthew Wall Tax, Transfer Price

The U.S. corporate tax rate is now 21% (down from 35%) along with other important changes. Companies should meet with their tax and transfer pricing advisors for specific advice on their U.S. operations.

OECD – BEPS

Matthew Wall OECD, Transfer Price

Matthew Wall of MDW submitted comments to the OECD on the Discussion Draft for BEPS Action 8 implementation guidance on Hard-to-Value Intangibles.

CRA Update

Matthew Wall CRA Updates, Transfer Price

MDW provided an update on the Canada Revenue Agency’s fight against tax avoidance and evasion regarding the Panama Papers.

CPA CANADA

Matthew Wall Transfer Price

CPA Canada invited Matthew Wall as a guest speaker on transfer pricing for the accounting students at Centennial College.

CRA Update

Matthew Wall CRA Updates, Transfer Price

MDW explained the Federal Budget will give the CRA $524 million over five years to prevent tax evasion and improve compliance with an expected return of $2.5 billion of additional revenue.

IRS Update

Matthew Wall Tax, Transfer Price

The IRS launch campaign to audit U.S. distributors that buy goods from related parties in other countries.

CRA Update

Matthew Wall CRA Updates, Transfer Price

MDW explained the Department of Finance Canada issued draft amendments for the Income Tax Act to include Country-by-Country Reporting as part of the OECD BEPS measures.