CRA Announces Collaboration With CPA Canada

As expected, the CRA has formally announced the details of its collaborative efforts with CPA Canada.

The CRA recently spoke about this collaboration at the Toronto Centre CRA-Tax Professionals breakfast seminar.

The CRA news release, which is titled “Harper Government solidifies partnership with Canada’s Professional Accountants”, states,

The new Canada Revenue Agency (CRA)-Chartered Professional Accountants of Canada (CPA Canada) Framework Agreement was formally signed by Andrew Treusch, Commissioner of Revenue and Chief Executive Officer of the CRA, […]

By |November 28th, 2014|

UK: Flexible Pensions Are the changes radical enough to get entrepreneurs saving again?

With effect from April next year, pension savers will no longer be obliged to use their funds to provide an income for life. Luke Brooks examines the new rules.

The Government currently encourages individuals to make pension savings through a number of measures, most notably the ability to claim income tax relief on personal contributions and corporation tax relief on company contributions. Other advantages include an exemption from tax on income and capital gains generated […]

By |November 28th, 2014|

Australia: Transfer Pricing – the ATO reconstruction power in Taxation Ruling 2014/6

1. Introduction
On 12 November 2014 the ATO issued its long awaited Taxation Ruling TR 2014/6 titled: “Income tax: transfer pricing – the application of section 815-130 of the Income Tax Assessment Act 1997” (the “Act”). The ruling provides the Australian Taxation Office’s (“ATO”) view on how it will determine whether an entity derives a transfer pricing benefit from the “actual” commercial or financial cross-border dealings of a taxpayer when compared to the outcomes from […]

By |November 27th, 2014|