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ARTICLE · 15 DECEMBER 2008

Advisory Panel Delivers Final Report

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On December 10, 2008, the Advisory Panel on Canada’s System of International Taxation delivered its lengthy final report and recommendations for change to the Canadian Minister of Finance.

CanadaTax
BLG'S National Tax Group
BLG'S National Tax Group
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On December 10, 2008, the Advisory Panel on Canada's System of International Taxation delivered its lengthy final report and recommendations for change to the Canadian Minister of Finance. The Panel was established by the Canadian Government in November, 2007 following on the 2007 Budget initiative to study Canada's international tax system. The Panel released its first report in April, 2008 in the form of a Consultation Paper outlining various considerations for change, and in response received numerous submissions from interested parties.

In the eagerly awaited report, the Panel has made key recommendations in the context of both inbound and outbound direct investment. The Panel notes that its recommendations "seek not to reform but rather to improve" Canada's existing international system which has "served Canada well". Due to the current economic climate (which has changed significantly since the Panel was instituted), the Panel has focused on changes which

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