Canada: Dividend Or Salary: Ask Yourself These Four Questions Before Deciding How To Pay Yourself

We’ve all heard the mantra “pay yourself first,” either in reference to an investing strategy, or making a living as a business owner. However, most business owners have an additional concern. They want to know: “How do I to pay myself enough to maintain a reasonable standard of living, while maximizing the health of my business?”

Integrating tax management into your remuneration strategy, just like in your business plan, can help ensure you’re working with […]

By |December 5th, 2014|

United States: Massachusetts Market Sourcing Update: Report From Public Hearing On Market Sourcing And Special Industry Apportionment Regulations

Today, the Department of Revenue held a hearing for the public to present comment regarding the Department’s proposed market-based sourcing regulation. In addition, the proposed special industry apportionment regulations for Airline Corporations, Motor Carriers, and Courier and Package Delivery Services; and the proposed corporate nexus regulation were also addressed at today’s hearing. The proposed regulations were released on October 30, 2014.

The Department started the hearing by providing a brief summary of each proposed regulation […]

By |December 5th, 2014|

UK: Tax May Be Taxing, But No Tax May Be Even More Taxing! EU Competition Commissioner Hints At Potential State Aid Sanctions For Favourable Tax Rulings

The European Commission (Commission) has given one of its clearest indications yet that it is seeking to clamp down on unfair tax breaks or ‘waivers’ for underpaying companies through the EU rules on state aid.

How does State aid apply to taxation?

The EU rules on state aid prohibit the granting of finance or any other economic advantage to a particular ‘undertaking’ (the EU term for a business or organisation) which favours it unduly over others […]

By |December 4th, 2014|