Miners back tax-dodge law changes

Aug 30, 2013 | 04:54 PM |

Tags  Mining Association of Canada, Prospectors and Developers Association of Canada, tax avoidance, mining

NEW YORK — The Mining Association of Canada (MAC) is supporting proposed amendments to legislation that targets tax avoidance by foreign-controlled Canadian companies, the group said Aug. 30.

The amendments, released Aug. 16 by Canada’s Department of Finance, affect 2012 Foreign Affiliate Dumping (FAD) rules designed to prevent tax avoidance by foreign-based corporations, restricting their ability to transfer foreign affiliates into their Canadian subsidiaries for tax purposes.....

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