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Canadian Tax Foundation - Tax & Trade Blog

International Trade Report

GST/HST REVERSE CHARGE SYSTEMS

SENIOR FINANCE OFFICIALS SEEM TO CONFIRM MORE ON THE HORIZON


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Mid-summer, the Department of Finance released important new draft legislation, putting in place a “reverse charge system” to deal with fraud in the Telecom industry. More recently – at the Canadian Tax Foundation’s Inaugural Commodity Tax Symposium – senior officials seemed to have suggested that more could be coming to deal with similar issues in other industries.

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