Tax Alert – Canada

2013 Tax Alerts

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Tax Alerts cover significant tax news, developments and changes in legislation that affect Canadian businesses.

Canada–Barbados Tax Convention: new protocol enters into force
No. 51, 18 December 2013

On 17 December 2013, the protocol amending the Agreement between Canada and Barbados for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and on Capital entered into force.
 

Canada–Hong Kong tax treaty enters into force
No. 50, 30 October 2013

The agreement between Canada and Hong Kong for the avoidance of double taxation and the prevention of fiscal evasion entered into force on 29 October 2013.
 

Second budget implementation bill receives first reading
No. 49, 22 October 2013

On 22 October 2013, Bill C-4, Economic Action Plan 2013 Act, No. 2, received first reading in the House of Commons. Learn more.
 

Character conversion transactions and synthetic dispositions
No. 48, 3 October 2013

On 13 September 2013, the Department of Finance released draft legislative proposals that include a measure aimed at ensuring that derivative transactions cannot be used to convert ordinary income into capital gains through so-called “character conversion transactions,” and a measure to ensure that the tax consequences of disposing of property cannot be avoided by entering into a synthetic disposition arrangement. Interested parties are invited to provide comments by 15 October 2013.
 

Highlights from the CRA’s 2012-13 APA Program Report
No. 47, 26 September 2013

On 18 September 2013, the Canada Revenue Agency (CRA) released its Advance Pricing Arrangement (APA) Program Report for the fiscal year ending 31 March 2013. The report provides an overview of the operations of the APA program, and finds that APAs completed in 2012-13 were at a historic high.
 

Finance releases draft legislation for 2013 budget measures
No. 46, 13 September 2013

On 13 September 2013, the Department of Finance released for public comment a package of draft legislative proposals and explanatory notes to implement a number of international, corporate and personal tax measures announced in the 2013-14 federal budget.
 

New measures for Canada’s Duty Relief FTZ-type programs
No. 45, 10 September 2013

Following a review of Canada’s foreign trade zone (FTZ)-type programs set in motion in the 2013 federal budget, the government announced on 29 August 2013 important new measures aimed at improving benefits to Canadian importing and manufacturing businesses and attracting new foreign direct investment.
 

CRA already auditing SR&ED claims using the new “Five Questions”
No. 44, 9 September 2013

While there has been no change in legislation governing what represents SR&ED, we believe that the CRA’s application of a new five-part test, combined with the recent streamlining of the SR&ED eligibility review approach, represents a significant change in the way SR&ED claims are being examined. As such, past audit experience may not be indicative of audits currently underway, and it’s important that taxpayers adapt to the new methodology.
 

Finance launches consultation on measures to prevent treaty shopping
No. 43, 22 August 2013

On 12 August 2013, the Department of Finance released a consultation paper titled Treaty shopping – the problem and possible solutions. The department requested that stakeholders submit their comments on any aspect of the paper by 13 December 2013.
 

Government proposes changes to foreign affiliate dumping rules
No. 42, 21 August 2013

On 16 August 2013, the federal government proposed draft legislation to introduce a number of revisions to the foreign affiliate dumping rules that were first announced in the 2012 federal budget and enacted on 14 December 2012 pursuant to Bill C-45. These revisions reflect certain lingering concerns that were raised during consultations on the various versions of the proposals before and even after enactment. Interested parties are invited to provide comments by 15 October 2013.
 

CRA MAP report reflects improved timelines and continued high volume of CRA Canada-initiated cases
No. 41, 15 August 2013

On 8 August 2013, the Canada Revenue Agency (CRA) released its Mutual Agreement Procedure (MAP) Program Report for the fiscal year ending 31 March 2013. The report provides an overview of the operations of the MAP program.
 

Urgent action may be required on upstream loan rules
No. 40, 8 August 2013

On 26 June 2013, Bill C-48, Technical Tax Amendments Act, 2012, received Royal Assent. Due to the effective dates of the upstream loan rules contained within this legislation, urgent action may be required by some taxpayers to avoid significant adverse tax implications, or to file amended tax returns.
 

The OECD invites public comments on the White Paper on Transfer Pricing Documentation
No. 39, 7 August 2013

As part of its project on transfer pricing simplification, the Organization for Economic Cooperation and Development (OECD) released a White Paper on Transfer Pricing Documentation on 30 July 2013. The document is intended to initiate an international discussion of ways in which compliance with transfer pricing documentation requirements can be made simpler and more straightforward.
 

OECD issues Revised Discussion Draft on the Transfer Pricing Aspects of Intangibles
No. 38, 1 August 2013

On 30 July 2013, the OECD issued a Revised Discussion Draft on the Transfer Pricing Aspects of Intangibles. The document updates the initial discussion draft issued on 6 June 2012 and has been amended in the light of comments received during the public consultation process held in November 2012.
 

Changes to the large business simplified method and clarification for its application to expenses incurred before 1 January 2014
No. 37, 31 July 2013

The Agence du revenu du Québec has announced changes to the large business simplified method for calculating input tax refunds in respect of expense reimbursements, and clarified the application of the method to expenses incurred before 1 January 2014.
 

2013 Global Transfer Pricing Survey: the shift toward risk management
No. 36, 30 July 2013

Transfer pricing remains the number-one tax issue facing multinational companies, but their focus has shifted towards risk management. That’s the primary observation from EY’s 2013 Global Transfer Pricing Survey.
 

Teletech decision exposes potential pitfalls in obtaining double tax relief
No. 35, 29 July 2013

The 29 May 2013 Federal Court of Canada decision in the TeleTech case exposes a number of potential pitfalls for Canadian companies seeking to resolve double taxation arising from transfer pricing on transactions with non-arm’s-length parties.
 

Teletech decision exposes potential pitfalls in obtaining double tax relief
No. 35, 29 July 2013

The 29 May 2013 Federal Court of Canada decision in the TeleTech case exposes a number of potential pitfalls for Canadian companies seeking to resolve double taxation arising from transfer pricing on transactions with non-arm’s-length parties.

More details on OECD BEPS Action Plan
No. 34, 24 July 2013

Learn more about the OECD's Base Erosion and Profit Shifting (BEPS) Action Plan in EY's Global Tax Alert.

OECD releases BEPS Action Plan
No. 33, 19 July 2013

On 19 July 2013, the OECD released its Base Erosion and Profit Shifting (BEPS) Action Plan, which lays out its 15 specific focus areas of international tax law and practice for the next phase of its BEPS project.
 

Character conversion transactions – transitional measures
No. 32, 17 July 2013

On 11 July 2013, the Department of Finance released revised transitional measures applicable to the “character conversion” rules that were proposed as part of the 2013 federal budget.
 

12 July 2013 technical amendments: foreign affiliates and other measures
No. 31, 16 July 2013

On 12 July 2013, the Department of Finance released draft legislation containing a range of proposed amendments to the federal Income Tax Act and Regulations applicable mainly in relation to investments in foreign affiliates. Interested parties are invited to provide comments on the draft legislation by 13 September 2013.
 

Improving intercompany effectiveness: implement operational transfer pricing
No. 30, 4 July 2013

Transfer pricing is the leading tax controversy issue facing multinationals. But companies have long viewed it as a tax-only compliance issue, rather than a strategic component that can impact shareholder value. A new EY publication looks at ways to optimize intercompany transfer pricing and why this is important to chief financial officers and heads of supply chain.
 

British Columbia budget update 2013–14
No. 29, 28 June 2013

Finance Minister Michael de Jong tabled British Columbia’s updated fiscal 2013–14 budget on 27 June 2013.
 

At last, the omnibus technical bill (C-48) is enacted
No. 28, 27 June 2013

On 26 June 2013, after some of its measures being outstanding for more than a decade, Bill C-48, Technical Tax Amendments Act, 2012, received Royal Assent. No amendments to the bill have been made since the bill received first reading on 21 November 2012.

Bill C-48, which became substantively enacted on 21 November 2012 for IFRS reporting purposes, was enacted as of 26 June for US GAAP reporting purposes.
 

New reporting requirements for Canadians with offshore property and income
No. 27, 26 June 2013

On 25 June 2013, the Canada Revenue Agency announced the launch of a strengthened Foreign Income Verification Statement (Form T1135). For 2013 and later taxation years, Canadians who hold foreign property with a cost of over $100,000 will be required to provide additional information to the CRA.
 

Supreme Court of Canada allows taxpayer’s appeal in Daishowa-Marubeni International Ltd. v The Queen
No. 26, 24 May 2013

In this highly anticipated decision, the Supreme Court of Canada has overturned the lower courts’ findings that the assumption of reforestation obligations constituted proceeds of disposition to the vendor of timber mill assets. While this decision deals only with reforestation obligations, the principles set out by the SCC could also be relevant to other sale agreements that involve the assumption of a vendor’s obligations by the purchaser.
 

Top 10 cross-border GST and customs issues
No. 25, 22 May 2013

The recent increase in audit activity and denials of input tax credits in cross-border transactions serves as a reminder that it’s important for importers and exporters to plan appropriately for goods and services tax (GST) and customs issues to preclude unforeseen — and potentially costly — consequences.
 

GST/HST: scrutiny of noncompliant purchase invoices
No. 24, 16 May 2013

The Court of Justice of the European Union has ruled that national tax authorities are entitled to deny a credit for input tax where the purchase invoice lacks required information, even when the missing information is obtained after the VAT audit. This is an area facing increasing scrutiny by the Canada Revenue Agency (CRA) and Revenu Québec when audits are conducted.
 

HST: Finance releases final SLFI regulations
No. 23, 14 May 2013

On 8 May 2013, the Regulations Amending Various GST/HST Regulations, No. 4 were published in the Canada Gazette. Included among the amendments was the final version of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations made under the Excise Tax Act.
 

CRA announces measures to counter international tax evasion and aggressive tax avoidance
No. 22, 13 May 2013

On 8 May 2013, National Revenue Minister Gail Shea announced a number of measures aimed at addressing international tax evasion and avoidance.
 

Quebec revises its mining tax regime
No. 21, 9 May 2013

On 6 May 2013, the ministère des Finances du Québec tabled proposals to significantly overhaul the province’s mining tax regime.
 

Ontario budget 2013–14
No. 20, 2 May 2013

Finance Minister Charles Sousa tabled Ontario's fiscal 2013–14 budget on 2 May 2013.
 

UK issues report: “Tax avoidance: the role of the large accountancy firms”
No. 19, 26 April 2013

Released on 26 April 2013, the UK Public Accounts Committee (PAC) report, “Tax avoidance: the role of the large accountancy firms”, continues the ongoing debate around what represents “fair tax."
 

Manitoba budget 2013–14
No. 18 17 April 2013

Finance Minister Stan Struthers tabled Manitoba's fiscal 2013–14 budget on 16 April 2013.
 

Nova Scotia budget 2013–14
No. 17, 5 April 2013

Finance Minister Maureen MacDonald tabled the Nova Scotia's fiscal 2013–14 budget on 4 April 2013.
 

OECD meets with business on base erosion and profit shifting project
No. 16, 2 April 2013

On 26 March 2013, the Organisation for Economic Cooperation and Development held a meeting with its Business and Industry Advisory Committee on the base erosion and profit shifting (BEPS) project.
 

Prince Edward Island budget 2013–14
No. 15, 28 March 2013

Finance Minister Wesley J. Sheridan tabled Prince Edward Island’s fiscal 2013–14 budget on 27 March 2013.
 

Saskatchewan budget 2013–14
No. 14, 27 March 2013

Finance Minister Jerome Kennedy tabled Newfoundland and Labrador’s fiscal 2013–14 budget on 26 March 2013.
 

New Brunswick budget 2013–14
No. 13, 27 March 2013

Finance Minister Blaine Higgs tabled New Brunswick's fiscal 2013–14 budget on 26 March 2013
 

Major customs changes in federal budget
No. 12, 25 March 2013

The 2013 federal budget, presented on 21 March, included some notable tariff changes that may affect your business.
 

Yukon budget 2013–14
No. 11, 21 March 2013

Finance Minister Darrell Pasloski tabled the Yukon's fiscal 2013–14 budget on 21 March 2013.
 

Federal budget 2013–14
No. 10, 21 March 2013

Read our alert on the 2013–14 federal budget, tabled on 21 March 2013 in the House of Commons by Finance Minister Jim Flaherty.

For more in-depth analysis and perspectives on the budget, visit ey.com/ca/budgets.
 

Saskatchewan budget 2013–14
No. 09, 21 March 2013

Finance Minister Ken Krawetz tabled Saskatchewan’s fiscal 2013–14 budget on 20 March 2013.
 

Alberta budget 2013–14
No. 08, 8 March 2013

Finance Minister Doug Horner tabled Alberta’s fiscal 2013–14 budget on 7 March 2013.
 

Nunavut budget 2013–14
No. 07, 27 February 2013


Finance Minister Keith Peterson tabled Nunavut’s fiscal 2013–14 budget on 27 February 2013.
 

British Columbia budget 2013–14
No. 06, 20 February 2013


Finance Minister Michael de Jong tabled British Columbia’s fiscal 2013–14 budget on 19 February 2013.
 

G20 welcomes OECD report on base erosion and profit shifting
No. 05, 19 February 2013


The G20 finance ministers and central bank governors met in Moscow on 15 and 16 February 2013 to discuss global economic challenges, including international taxation. At the meeting, the G20 ministers announced their support for the OECD report on base erosion and profit shifting, which was released on 12 February.
 

OECD issues report on base erosion and profit shifting
No. 04, 13 February 2013


On 12 February, the Organisation for Economic Co-operation and Development (OECD) released the initial report in its project on base erosion and profit shifting (BEPS), which outlines key issues and calls for the development of a global action plan to address BEPS.
 

Northwest Territories budget 2013–14
No. 03, 8 February 2013


Finance Minister Michael Miltenberger tabled the Northwest Territories’ fiscal 2013–14 budget on 7 February 2013.
 

CRA announces Formal Pre-Approval Process pilot project for SR&ED claims
No. 02, 29 January 2013


The Canada Revenue Agency (CRA) recently released the details about a pilot program for what they have termed the Formal Pre-Approval Process (FPAP) for scientific research and experimental development (SR&ED) incentive claims.
 

Highlights from the CRA’s 2011–12 APA Program Report
No. 01, 21 January 2013


The Canada Revenue Agency (CRA) recently released its Advance Pricing Arrangement (APA) Program Report for the fiscal year ending 31 March 2012. The report provides an overview of the operations of the APA program, including statistical analyses of APAs completed and in progress.
 

Tax Alerts cover significant tax news, developments and changes in legislation that affect Canadian businesses.

Canada–Barbados Tax Convention: new protocol enters into force
No. 51, 18 December 2013

On 17 December 2013, the protocol amending the Agreement between Canada and Barbados for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and on Capital entered into force.
 

Canada–Hong Kong tax treaty enters into force
No. 50, 30 October 2013

The agreement between Canada and Hong Kong for the avoidance of double taxation and the prevention of fiscal evasion entered into force on 29 October 2013.
 

Second budget implementation bill receives first reading
No. 49, 22 October 2013

On 22 October 2013, Bill C-4, Economic Action Plan 2013 Act, No. 2, received first reading in the House of Commons. Learn more.
 

Character conversion transactions and synthetic dispositions
No. 48, 3 October 2013

On 13 September 2013, the Department of Finance released draft legislative proposals that include a measure aimed at ensuring that derivative transactions cannot be used to convert ordinary income into capital gains through so-called “character conversion transactions,” and a measure to ensure that the tax consequences of disposing of property cannot be avoided by entering into a synthetic disposition arrangement. Interested parties are invited to provide comments by 15 October 2013.
 

Highlights from the CRA’s 2012-13 APA Program Report
No. 47, 26 September 2013

On 18 September 2013, the Canada Revenue Agency (CRA) released its Advance Pricing Arrangement (APA) Program Report for the fiscal year ending 31 March 2013. The report provides an overview of the operations of the APA program, and finds that APAs completed in 2012-13 were at a historic high.
 

Finance releases draft legislation for 2013 budget measures
No. 46, 13 September 2013

On 13 September 2013, the Department of Finance released for public comment a package of draft legislative proposals and explanatory notes to implement a number of international, corporate and personal tax measures announced in the 2013-14 federal budget.
 

New measures for Canada’s Duty Relief FTZ-type programs
No. 45, 10 September 2013

Following a review of Canada’s foreign trade zone (FTZ)-type programs set in motion in the 2013 federal budget, the government announced on 29 August 2013 important new measures aimed at improving benefits to Canadian importing and manufacturing businesses and attracting new foreign direct investment.
 

CRA already auditing SR&ED claims using the new “Five Questions”
No. 44, 9 September 2013

While there has been no change in legislation governing what represents SR&ED, we believe that the CRA’s application of a new five-part test, combined with the recent streamlining of the SR&ED eligibility review approach, represents a significant change in the way SR&ED claims are being examined. As such, past audit experience may not be indicative of audits currently underway, and it’s important that taxpayers adapt to the new methodology.
 

Finance launches consultation on measures to prevent treaty shopping
No. 43, 22 August 2013

On 12 August 2013, the Department of Finance released a consultation paper titled Treaty shopping – the problem and possible solutions. The department requested that stakeholders submit their comments on any aspect of the paper by 13 December 2013.
 

Government proposes changes to foreign affiliate dumping rules
No. 42, 21 August 2013

On 16 August 2013, the federal government proposed draft legislation to introduce a number of revisions to the foreign affiliate dumping rules that were first announced in the 2012 federal budget and enacted on 14 December 2012 pursuant to Bill C-45. These revisions reflect certain lingering concerns that were raised during consultations on the various versions of the proposals before and even after enactment. Interested parties are invited to provide comments by 15 October 2013.
 

CRA MAP report reflects improved timelines and continued high volume of CRA Canada-initiated cases
No. 41, 15 August 2013

On 8 August 2013, the Canada Revenue Agency (CRA) released its Mutual Agreement Procedure (MAP) Program Report for the fiscal year ending 31 March 2013. The report provides an overview of the operations of the MAP program.
 

Urgent action may be required on upstream loan rules
No. 40, 8 August 2013

On 26 June 2013, Bill C-48, Technical Tax Amendments Act, 2012, received Royal Assent. Due to the effective dates of the upstream loan rules contained within this legislation, urgent action may be required by some taxpayers to avoid significant adverse tax implications, or to file amended tax returns.
 

The OECD invites public comments on the White Paper on Transfer Pricing Documentation
No. 39, 7 August 2013

As part of its project on transfer pricing simplification, the Organization for Economic Cooperation and Development (OECD) released a White Paper on Transfer Pricing Documentation on 30 July 2013. The document is intended to initiate an international discussion of ways in which compliance with transfer pricing documentation requirements can be made simpler and more straightforward.
 

OECD issues Revised Discussion Draft on the Transfer Pricing Aspects of Intangibles
No. 38, 1 August 2013

On 30 July 2013, the OECD issued a Revised Discussion Draft on the Transfer Pricing Aspects of Intangibles. The document updates the initial discussion draft issued on 6 June 2012 and has been amended in the light of comments received during the public consultation process held in November 2012.
 

Changes to the large business simplified method and clarification for its application to expenses incurred before 1 January 2014
No. 37, 31 July 2013

The Agence du revenu du Québec has announced changes to the large business simplified method for calculating input tax refunds in respect of expense reimbursements, and clarified the application of the method to expenses incurred before 1 January 2014.
 

2013 Global Transfer Pricing Survey: the shift toward risk management
No. 36, 30 July 2013

Transfer pricing remains the number-one tax issue facing multinational companies, but their focus has shifted towards risk management. That’s the primary observation from EY’s 2013 Global Transfer Pricing Survey.
 

Teletech decision exposes potential pitfalls in obtaining double tax relief
No. 35, 29 July 2013

The 29 May 2013 Federal Court of Canada decision in the TeleTech case exposes a number of potential pitfalls for Canadian companies seeking to resolve double taxation arising from transfer pricing on transactions with non-arm’s-length parties.
 

Teletech decision exposes potential pitfalls in obtaining double tax relief
No. 35, 29 July 2013

The 29 May 2013 Federal Court of Canada decision in the TeleTech case exposes a number of potential pitfalls for Canadian companies seeking to resolve double taxation arising from transfer pricing on transactions with non-arm’s-length parties.

More details on OECD BEPS Action Plan
No. 34, 24 July 2013

Learn more about the OECD's Base Erosion and Profit Shifting (BEPS) Action Plan in EY's Global Tax Alert.

OECD releases BEPS Action Plan
No. 33, 19 July 2013

On 19 July 2013, the OECD released its Base Erosion and Profit Shifting (BEPS) Action Plan, which lays out its 15 specific focus areas of international tax law and practice for the next phase of its BEPS project.
 

Character conversion transactions – transitional measures
No. 32, 17 July 2013

On 11 July 2013, the Department of Finance released revised transitional measures applicable to the “character conversion” rules that were proposed as part of the 2013 federal budget.
 

12 July 2013 technical amendments: foreign affiliates and other measures
No. 31, 16 July 2013

On 12 July 2013, the Department of Finance released draft legislation containing a range of proposed amendments to the federal Income Tax Act and Regulations applicable mainly in relation to investments in foreign affiliates. Interested parties are invited to provide comments on the draft legislation by 13 September 2013.
 

Improving intercompany effectiveness: implement operational transfer pricing
No. 30, 4 July 2013

Transfer pricing is the leading tax controversy issue facing multinationals. But companies have long viewed it as a tax-only compliance issue, rather than a strategic component that can impact shareholder value. A new EY publication looks at ways to optimize intercompany transfer pricing and why this is important to chief financial officers and heads of supply chain.
 

British Columbia budget update 2013–14
No. 29, 28 June 2013

Finance Minister Michael de Jong tabled British Columbia’s updated fiscal 2013–14 budget on 27 June 2013.
 

At last, the omnibus technical bill (C-48) is enacted
No. 28, 27 June 2013

On 26 June 2013, after some of its measures being outstanding for more than a decade, Bill C-48, Technical Tax Amendments Act, 2012, received Royal Assent. No amendments to the bill have been made since the bill received first reading on 21 November 2012.

Bill C-48, which became substantively enacted on 21 November 2012 for IFRS reporting purposes, was enacted as of 26 June for US GAAP reporting purposes.
 

New reporting requirements for Canadians with offshore property and income
No. 27, 26 June 2013

On 25 June 2013, the Canada Revenue Agency announced the launch of a strengthened Foreign Income Verification Statement (Form T1135). For 2013 and later taxation years, Canadians who hold foreign property with a cost of over $100,000 will be required to provide additional information to the CRA.
 

Supreme Court of Canada allows taxpayer’s appeal in Daishowa-Marubeni International Ltd. v The Queen
No. 26, 24 May 2013

In this highly anticipated decision, the Supreme Court of Canada has overturned the lower courts’ findings that the assumption of reforestation obligations constituted proceeds of disposition to the vendor of timber mill assets. While this decision deals only with reforestation obligations, the principles set out by the SCC could also be relevant to other sale agreements that involve the assumption of a vendor’s obligations by the purchaser.
 

Top 10 cross-border GST and customs issues
No. 25, 22 May 2013

The recent increase in audit activity and denials of input tax credits in cross-border transactions serves as a reminder that it’s important for importers and exporters to plan appropriately for goods and services tax (GST) and customs issues to preclude unforeseen — and potentially costly — consequences.
 

GST/HST: scrutiny of noncompliant purchase invoices
No. 24, 16 May 2013

The Court of Justice of the European Union has ruled that national tax authorities are entitled to deny a credit for input tax where the purchase invoice lacks required information, even when the missing information is obtained after the VAT audit. This is an area facing increasing scrutiny by the Canada Revenue Agency (CRA) and Revenu Québec when audits are conducted.
 

HST: Finance releases final SLFI regulations
No. 23, 14 May 2013

On 8 May 2013, the Regulations Amending Various GST/HST Regulations, No. 4 were published in the Canada Gazette. Included among the amendments was the final version of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations made under the Excise Tax Act.
 

CRA announces measures to counter international tax evasion and aggressive tax avoidance
No. 22, 13 May 2013

On 8 May 2013, National Revenue Minister Gail Shea announced a number of measures aimed at addressing international tax evasion and avoidance.
 

Quebec revises its mining tax regime
No. 21, 9 May 2013

On 6 May 2013, the ministère des Finances du Québec tabled proposals to significantly overhaul the province’s mining tax regime.
 

Ontario budget 2013–14
No. 20, 2 May 2013

Finance Minister Charles Sousa tabled Ontario's fiscal 2013–14 budget on 2 May 2013.
 

UK issues report: “Tax avoidance: the role of the large accountancy firms”
No. 19, 26 April 2013

Released on 26 April 2013, the UK Public Accounts Committee (PAC) report, “Tax avoidance: the role of the large accountancy firms”, continues the ongoing debate around what represents “fair tax."