Judge orders seizure of £677m from Airbnb in Italian tax evasion probe, which is related to an alleged failure by the company to comply with laws that require Airbnb to pay Italian tax authorities 21% of landlords' rental income in the country.
Following the path of tightening interest rates BOC has made ownership even less affordable. Question remains - who benefits from the high interest rate policy when people struggle to buy food and and other necessities?
Surely not Canadians
New entrepreneurs facing many challenges - labour shortages, inflation, technological change and the increasing domination of large companies etc. On top of these - strict and confusing tax reporting requirements could be very overwhelming for the small business owners.
We are here to help start-ups and small businesses with tax reporting. Kuperman CPA - call us right away 1-866-66-MY-TAX and have your tax reporting needs addressed!
In order for the Bank to cut at this rate, there needs to be a combination of
- weak GDP growth
- loosening of labour market conditions
- fall in the month-over-month changes in core prices
When do you think this is going to happen?
Call 1-866-66-MY-TAX to discuss timing and tax considerations related to your real estate investments during these turbulent times.
The CRA is taking a closer look at the personal services business (PSB) rules that apply when:
Cryptocurrency is a relatively new innovation that requires guidelines on taxation so that Canadians are aware of how to meet their tax obligations. The Senate reviewed the issue of taxation on cryptocurrency and recommended action to help Canadians understand how to comply with their taxes, which the Canada Revenue Agency (CRA) is doing by presenting this guide.
Money laundering is a global issue which is illegal, unethical and harmful. In Canada, it poses threats to our national reputation, economy, and society. CPA Canada recognises these threats and contributes to federal policy development. On behalf of the profession and in the public interest, we engage with the federal government in efforts to strengthen Canada’s anti-money laundering regime and present the Strategic Framework for AML.
Elements of such a strategic framework, in our view, include:
The regulations are changing at warp speed, and the stakes for complying with applicable regulations continues to increase. Risks for doing business with the wrong third party are financial, commercial and reputational in nature and pose ongoing compliance concerns.
On June 23, 2023, the FATF added Cameroon, Croatia, and Vietnam to its list of Jurisdictions under Increased Monitoring and did not remove any jurisdictions from the list.
The FATF’s list of High-Risk Jurisdictions Subject to a Call for Action remains the same, with Iran and the Democratic People’s Republic of Korea (DPRK) still subject to FATF’s countermeasures. Burma remains on the list of High-Risk Jurisdictions Subject to a Call for Action and is still subject to enhanced due diligence, not counter-measures. Read more about high-risk jurisdictions here