IN THIS ISSUE:
Foreign Investment Review in Canada
After much talk and deliberation, Canada may be on the verge of proposing reductions to, or even the elimination of, foreign ownership restrictions in the Canadian telecommunications sector. This, in turn, could be the harbinger of change in other sectors affected by foreign ownerships restrictions. Page 1
Tax Savings Opportunities in Japan
High Japanese taxes are often a primary factor in cost-containment planning for international assignments. It is essential that companies be aware of the broad range of tax-planning opportunities available. Page 1
The Devil’s in the Details: Practical Problems of Recent Tax Acts and Proposals
The FACTA provisions require U.S. companies to withhold 30 percent on payments to some foreign banks and financial institutions unless the foreign entities divulge information on U.S. account holders. A special interview examines practical problems contained in several recent international tax laws and proposals. Page 3
UK Emergency Budget: Deficit Disorder
The Government’s stated aim is to improve UK competitiveness and provide greater certainty for business by committing to principles for corporate tax reforms. While some initial elements of the reform program have been spelled out, the Government’s more detailed program of reform will not be known until the fall. Page 12
