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Combatting Aggressive Corporate Tax Planning: A Domestic and Global Challenge

Mark Mahabir Economics, Resources and International Affairs Division Aggressive tax planning by multinational corporations has had an adverse impact on the tax revenues of a number of countries, including Canada. In its Annual Report to Parliament 2013–2014, the Canada Revenue Agency (CRA) stated, “Aggressive tax planning is a global problem threatening to undermine the ability…

Banks and Consumer Protection: Not Exclusively Parliament’s Jurisdiction

Adriane Yong  Economics, Resources and International Affairs Division In recent rulings, the Supreme Court of Canada clarified some constitutional issues concerning federal and provincial authority in regulating certain banking practices. Section 91(15) of the Constitution Act, 1867 gives Parliament the power to regulate “banking, incorporation of banks and the issue of paper money.” Using this…