The Canadian Standing Committee on International Trade recently published a policy report on E-commerce. The recommendations on taxing the online platform are getting considerable attention. But according to Brad Poulos, instructor at Ryerson University Toronto, the Liberal government is unlikely to introduce this unpopular tax due to the federal election on the horizon in 2019.
The committee made 11 recommendations, amongst which three that concern the taxation of E-commerce:
The Hotel Association of Canada also is also calling on the federal government to take real action to address tax avoidance in the digital space. Online rental platforms are not currently collecting or remitting GST/HST and paying corporate income taxes, which gives them an unfair advantage over other accommodation businesses, like hotels.
With the fast growth of China’s economy and the continuous improvement of the comprehensive strength of domestic enterprises, as well as the implementation of the “One Belt, One Road” policy, an increasing amount of Chinese enterprises are beginning to expand their global footprint and establish their presence in Europe.
TPA Global has developed a practical roadmap of 6 steps meant to guide CFOs in their Journey of rising above troubles to reach a situation of full control. These steps are presented in a series of short video clips (3-5 minutes):