The Canadian Tax 'Reasonable Expectation of Profit' Guide
The Canadian Tax 'Reasonable Expectation of Profit' Guide

Author: Howard David Goldfarb

Publisher:

Published: 2018-11-23

Total Pages: 710

ISBN-13: 9781731229533

DOWNLOAD EBOOK

The reasonable expectation of profit (REOP) issue has been a 'thorn in the side' of business taxpayers as well as the Canada Revenue Agency as far back as the May 31, 1977 Supreme Court of Canada decision ruled against William Moldowan and up to the Supreme Court of Canada decisions of December 12, 2001 and May 23, 2002 in favour of Brian J. Stewart. To complicate the issue further the decisions are interpreted differently between the Income Tax Act (Income Tax) and the Excise Tax Act (the Goods and Services Tax and the Harmonized Sales Tax).The analysis in the book gives a history of the reasonable expectation of profit using judicial decisions and the interpretations within the Income Tax Act and the Excise Tax Act.

International VAT/GST Guidelines
International VAT/GST Guidelines

Author: OECD

Publisher: Org. for Economic Cooperation & Development

Published: 2017

Total Pages: 0

ISBN-13: 9789264272040

DOWNLOAD EBOOK

This paper set forth internationally agreed principles and standards for the value added tax (VAT) treatment of the most common types of international transactions, with a particular focus on trade in services and intangibles. Its aim is to minimise inconsistencies in the application of VAT in a cross-border context with a view to reducing uncertainty and risks of double taxation and unintended non-taxation in international trade. It also includes the recommended principles and mechanisms to address the challenges for the collection of VAT on crossborder sales of digital products that had been identified in the context of the OECD/G20 Project on Base and Erosion and Profit Shifting (the BEPS Project).