Published just prior to the release of the 2010 Canadian Federal Budget, Rude Awakening Awaits “Aggressive Tax Planners” discusses the idea that governments are seeking to increase tax revenues, shore up their tax bases, and link social responsibility with tax risk management. It seems inevitable that Canada will get on board with new laws in this area—if not in Budget 2010, then some time soon. Businesses can protect themselves by having a solid tax management foundation in place—a governance framework that helps the company reduce its effective tax rate responsibly while managing its tax risk.
This article was originally published in The Globe and Mail in March 3, 2010.