Mar 05, 2024
This Financial Reporting Alert provides responses to some frequently asked questions about how an entity should account for the tax effects of the global anti-base erosion model rules (“Pillar Two”) established by the Organisation for Economic Co-operation and Development (OECD).
Sep 05, 2023
This report covers key themes that emerged from research on tax transformation trends, including a global survey of senior tax and finance executives and a series of qualitative interviews with the heads of tax at large multinational companies.
Mar 28, 2023
There were no broad increases to personal or corporate income taxes, no increases in goods and services tax (GST), wealth, harmonized sales tax, inheritance or capital. Other topics included tax on share buybacks and targeted measures of financial institutions, continued investment toward net zero among others.
Feb 14, 2023
Canada’s Bill C-8, Economic and Fiscal Update Implementation Act, 2021, received Royal Assent on June 9, 2022 (S.C. 2022, c. 5). Among other things, the Bill implements Canada’s underused housing tax (UHT). The Underused Housing Tax Act (herein referred to as the “UHT Act” or the “Act”) imposes a 1% tax on the value of vacant/underused residential property owned directly or indirectly by foreign persons. In addition to setting out the rules for determining one’s tax liability, the UHT Act imposes a filing requirement for a broader group of property owners.
Nov 03, 2022
In this edition of CFO Insights, we examine the aspects of the IRA likely to be most important to CFOs. Keep in mind, though, that the IRA is a 730-page document loaded with new taxes and new tax credits, and many of the provisions still need to be clarified via regulations and other guidance from the IRS and the Treasury Department. Even though key features of the IRA take effect at the start of 2023, it could be well into next year or beyond before Treasury and the IRS issue final guidance on key IRA provisions.
Oct 24, 2022
Deloitte research reveals that tax departments are actively helping their companies with sustainability initiatives through compliance and Environmental, Social, and Governance (ESG) reporting, with a majority feeling they are on top of sustainability for the moment. However, to keep up with the demands of sustainability, others suggest specialization and advisory support related to ESG is required.
Nov 12, 2021
Chief financial officers understand the importance of tax having a seat at the table in major business decision planning. According to Deloitte Global’s recent Tax Transformation trends survey, there is increased demand for strategic input from tax related to digital business models (69%), strategic transactions (51%), and supply chain restructuring (50%).
Nov 10, 2021
Bill 64 was adopted on September 21, 2021. The requirements contained in the bill introduce significant operational changes for private and public sector organizations with respect to their handling of personal information and the protection of privacy.
Sep 24, 2021
Deloitte has published the results of its annual multinational survey regarding the OECD/G20 BEPS initiative and other tax topics; the survey results include coverage of respondents’ views on the OECD Pillar 1/Pillar 2 project, the “digital taxation” debate, tax transparency, tax governance, US tax proposals, and the impact of COVID-19.
Jun 02, 2021
The Tax operations in focus study highlights the first of a three-part tax leader series. Each study will review and reflect the leadership insights of global tax and finance executives at global companies as they share their strategic perspectives on tax operations, talent, and technology.
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