Bob Hamilton, commissioner of the Canada Revenue Agency, will headline a major international conference in Sydney next week
and the introduction of a 15 per cent minimum rate for companies will deliver significant new revenue to countries including Australia, helping stop a global race to the bottom, Canada’s revenue chief says.two-pillar reform project will help cash-strapped national budgets around the world and boost integrity in international tax enforcement.
“I think people working on this knew that it was going to be a very big challenge, in the time frames. I continue to focus a little bit more on the question of is it on the right path? Is it heading towards a good solution? I think that it is.” The agenda includes discussions about major tax administration issues around the world, progress on the two-pillar reforms, the post-pandemic tax landscape, global transparency measures and digital transformation.Mr Hamilton said the work of the FTA had improved information exchanges between like-minded countries, including sharing of data on multinational corporations.
“Certainly my colleagues in other departments would be looking to use that better payroll information to help us design programs, and maybe look at reducing the burden on some of the businesses that are out there that have to report the same sort of information to different government agencies.”
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