forensics degree
Canadian companies across the country are likely applauding todays federal budget, which contains tax law changes that give them the advantage they need to compete on the global stage.
By amending the definition of “taxable Canadian property” to exclude shares of Canadian private companies (where not more than 50% of their value is derived from real property in Canada, Canadian resource property or timber resource property), the government has significantly reduced administrative and, in some cases, economic barriers to foreign investment in Canadian-based innovation and technology. This change puts Canada at the top of the list of places to invest globally.
“The changes in tax legislation announced in todays budget are among the most significant changes to capital gains taxation since the introduction of taxation of capital gains in 1972,” explains John Ruffolo, Global Tax Technology, Media Telecommunications Leader, Deloitte. “The Canadian government has listened to the financing community, understood the severity of the problem and removed the major tax barriers that have prevented critically needed international investment capital from crossing our borders.”
“At a minimal cost to the government, this amendment will have an immediate, positive and direct impact on Canadas ability to grow a robust Canadian technology industry,” explains Terry Matthews, Chairman, Wesley Clover. “By sending a clear message to international investors that Canada is “open for business”, the government will make Canadian companies more attractive to foreign investors overnight. This will help Canadian companies raise the capital they need to achieve global leadership status.”
The change means a much more welcoming environment for foreign investors. In the vast majority of cases, non-residents who were not taxable on the disposition of their investments in such shares due to Canadas broad international tax treaty network, are now exempt from tax under Canadian domestic law without having to apply for treaty relief. As a result, they are no longer required to comply with the Section 116 tax clearance certificate procedure or file a Canadian income tax return. The changes also remove what were perceived to be insurmountable barriers for many venture capitalists who considered the previous administrative requirements and economic delays for each investor to be strong deterrents to investing in Canada.
Exterro, Inc., the leading provider of automated legal governance, risk and compliance management solutions, announced today that KMWorld has named Exterro to its 2010 list of “100 Companies that Matter in Knowledge Management.”
“Exterros Fusion solutions provide a single platform from which IT, legal and records management professionals can work through all their legal processes, including legal hold, e-discovery and dynamic data mapping,” said Bobby Balachandran, President and CEO of Exterro, Inc. “It is an honor to be selected out of more than a thousand companies by Knowledge Management practitioners, theorists, analysts, vendors, their customers and colleagues for this award.”
Exterros Fusion solution suite enables Fortune 500 companies and Am Law 200 law firms to cut costs and reduce risks. Exterros Fusion Genome is a dynamic data mapping solution that provides a comprehensive, easy-to-use inventory of an organizations IT systems, data stewards and custodians. Fusion Legal Hold is an automated, defensible legal hold workflow solution for managing holds from identification to completion. Fusion Discovery Workflow Management delivers a comprehensive project management solution to automate, streamline and track preservation and collection activities, from matter, issue and cost management to ESI collection history and business intelligence reporting. All of Exterros applications run seamlessly on the Fusions Workflow Engine.
“In todays knowledge economy, Exterro does more than simply throw sophisticated technology at its customers,” said Hugh McKellar, KMWorld editor in chief. “It provides real solutions through inspired planning and execution throughout the entire constituency chain.”
If you found this page useful, consider linking to it.
Simply copy and paste the code below into your web site (Ctrl+C to copy)
It will look like this: forensics degree
Leave a Reply