Canada steps up efforts to fight tax avoidance

Canada has approved a law updating the country's tax treaties to tackle corporate tax avoidance after the latest figures revealed that companies avoided up to C$11bn in taxes in 2014. Last Friday royal assent was given to Bill C-82, a multilateral tax treaty developed by more than 100 countries that is designed to reduce opportunities for tax avoidance by multinationals and improve cross-border tax dispute resolution. The Bill allows Canada to modify any bilateral tax treaties with it holds with other countries to include measures in line with the OECD's recommendations on the fight a...