The United Kingdom Supreme Court’s recent decision in Fowler v Commissioners for Her Majesty’s Revenue and Customs, [2020] UKSC 22, is likely to be seen as an important international tax case and, to that end but possibly without as much justification as discussion in the tax community may make it seem, as a “tax […]
Daily Archives: June 11, 2020
Eligible Dividend Designations – Let’s Change the Default Rule for Public Corporations and their Subsidiaries
Some of the annoying complexity of our tax system stems from how we integrate corporate taxes and personal taxes when a corporation pays a dividend to an individual shareholder. Our integration system grosses up the dividend (to reflect the assumed amount of income earned by the corporation before its corporate taxes), applies the personal […]
Should the Canada Emergency Response Benefit (CERB) be extended a few more months?
That’s a question for the moment for Canada. Headlines like “Extending CERB for months could double $60-billion budget, PBO report suggests” would make deficit hawks scream. In order to start having a meaningful public discourse about this, a minimum set of policy questions is needed to be asked. What’s the policy purpose of Canada […]