Martin Sorensen, joint speaker with Bruce Zagaris, Berliner Corcoran & Rowe LLP, Washington DC on "Transparency & Disclosure" at the 71st Annual Tax Conference in Montreal. Within Canada and globally, there is a pronounced trend to greater transparency and disclosure of tax and financial-related matters to combat tax avoidance and evasion. Perhaps the most prominent international example is country-by-country reporting under the BEPS project. Within Canada, recent developments include new requirements to disclose beneficial ownership under the CBCA, amendments to the Quebec GAAR, and greatly enhanced tax reporting for trusts. What do these changes mean for taxpayers and advisors? How is privacy and confidentiality affected? Martin Sorensen and Bruce Zagaris provided insights on this important aspect of the evolving environment for taxpayers, advisors and government officials.
Bennett Jones