Translation of "Equitable income tax foundation " (English → French) :

I visited Macedonia very recently, on behalf of the Westminster Foundation for Democracy, set up by Margaret Thatcher when she was Prime Minister of my country, and saw a country with vibrant political parties and a fascinating tax policy, with flat taxes on both corporation and income tax, and a growing economy.

30. Underlines that, in the global context of tax competition, developing countries derive a larger part of their tax revenues from capital and have little possibility to collect alternative taxes; notes that the decline in tax revenues because of that competition should be addressed by broadening the tax base or by abstaining from that competition altogether if convenient and if other factors like good governance, legal security and avoidance of nationalisation are jeopardised in the competition process for FDI; points out that low-income countries need the ...[+++]capacity to effectively negotiate with multinational corporations in order to secure an equitable share of corporations‘ profits and recalls that they should have adequate policy space to impose capital controls as the right to collect and redistribute tax revenues is a key criterion for the sovereignty and legitimacy of states and therefore a prerequisite for good governance;

30. Underlines that, in the global context of tax competition, developing countries derive a larger part of their tax revenues from capital and have little possibility to collect alternative taxes; notes that the decline in tax revenues because of that competition should be addressed by broadening the tax base or by abstaining from that competition altogether if convenient and if other factors like good governance, legal security and avoidance of nationalisation are jeopardised in the competition process for FDI; points out that low-income countries need the ...[+++]capacity to effectively negotiate with multinational corporations in order to secure an equitable share of corporations’ profits and recalls that they should have adequate policy space to impose capital controls as the right to collect and redistribute tax revenues is a key criterion for the sovereignty and legitimacy of states and therefore a prerequisite for good governance;

The second part has to do with the revenue being shared equitably with the provincial governments provided that the tax would be refunded to investors who are Canadian residents in order to, first, minimize the loss of tax savings to Canadians who invested in income trusts; second, to preserve the strengths of the income trust sector; third, to create fairness by eliminating the tax leakage caused by the income trust sector; and ...[+++] fourth, to create neutrality or approach neutrality by eliminating any incentive to convert from a corporation to an income trust purely for income tax reasons.

Our witness list included the Honourable Ralph Goodale, the Minister of Finance; the Honourable John McKay, Parliamentary Secretary to the Minister of Finance; Mr. Len Farber, Mr. Brian Ernewein and Mr. Geoff Truman, all from the Department of Finance; Brian Carr, Co-chair, CBA-CICA Joint Committee on Taxation and Chair of the CBA National Taxation Law Section; Mr. Paul Hickey, Co-chair, CBA-CICA Joint Committee on Taxation, Canadian Institute of Chartered Accountants; Mr. Roger Tassé, Q.C., Senior Partner, Gowlings law firm and former Deputy Minister of Justice and Deputy Attorney General and principal constitutional adviser to the federal government; Mr. Scott Wilkie, Senior Partner, Osler, Hoskin and Harcourt; Ms. Georgina Steinsk ...[+++]y-Schwartz, President and CEO of Imagine Canada; Mr. Bob Wyatt, Executive Director, Muttart Foundation; Ms. Hillary Pearson, President and CEO, Philanthropic Foundations Canada; Mr. Carl Juneau, Personal Income Tax Division, Finance Canada; Mr. Wayne Adams, Director General, Income Tax Ruling Directorate, Canada Revenue Agency; Mr. Yvan Roy, ADM and Counsel to the, Department of Finance; and on the last day, we heard from Mr. Marc Lalonde, currently a senior partner at Stikeman Elliott and former minister of a number of different portfolios including Finance, Justice, Health and Welfare, Federal-Provincial Relations, and Energy, Mines and Resources.

The Commission proposal provides for the following: with respect to cultural workers: a system for spreading such workers' incomes over several tax years in applying income taxes; with respect to cultural foundations: appropriate tax exemption for cultural foundations approved by Member States; with respect to patronage: appropriate tax deductions for gifts and bequests to approved cultural bodies or institutions, and tax deductions ...[+++]applicable to patronage where a cash gift or bequest is made to an approved body or person in a Member State other than that in which the patron is resident; with respect to succession duty: the system whereby succession duty can be settled through the surrender of works of art approved by the competent authorities; with respect to the private architectural heritage: an abatement from the valuee of buildings forming part of that heritage which are subject to "cultural servitudes" arising either from legislation relating to listed buildings or from the fact that they are open to the public, where that value serves as a basis for calculating such taxes as land tax, transfer dduty, annual wealth tax and succession duty; and the deduction from the taxable incomes of the taxpayers concerned of expenditure inccurred in conserving and maintaining those buildings; with respect to cultural investments: a system which does not impose tax disadvantages on cultural investments, and in particular will eliminatee possible tax obstacles to the development of cinema and television co-productions; with respect to widening the audiance: that the Member States will not discourage demand for cultural goods and services by applying high rates of value added tax or of other taxes (1) COM(85) 194 - 2 - The Commission has chosen to couch its proposal in the form of a Resolution so that the Council and the Ministers responsible for Cultural Affairs meeting within the Council can enter into a definite political commitment which at the same time forms the f ...