Corporate Tax

Morning Transient: Freeland Talks Company Revenue Tax at G20

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Good monday morning,

G20 finance ministers meet: Chrystia Freeland got together with finance ministers from the other G20 countries for talks in Venice over the weekend. They discussed plans for a minimum global corporate tax rate of 15 percent, and Freeland reaffirmed Canada’s commitment to the proposal.

Kady O’Malley looks ahead for the rest of the day in politics with iPolitics AM: “The House of Commons may have shut down for the summer, but the Commons’ ETHICS committee is preparing for a potentially highly explosive emergency meeting thanks to a Conservative-initiated push to launch a full investigation whether Liberal MPs’ use taxpayers’ money to subsidize their political operations’. “

Trudeau speaks about childcare, systemic racism, Jody Wilson-Raybould: Prime Minister Justin Trudeau gave an interview to The Globe and Mail in which he said we are going through an “extraordinary time in the history of the country” comparing the pandemic to World War II.

New RCMP museum telling stories about systemic racism, boarding schools: Canadian Heritage Minister Steven Guilbeault said the new RCMP museum will be overseen by his ministry and will tell the “full story” of police history, including their role in residential schools. The RCMP Heritage Center will shortly announce a new managing director.

Safety measures in rail traffic ordered due to the risk of forest fire: Transport Canada has directed the Canadian National Railway and the Canadian Pacific Railway to take a number of precautions to protect against forest fires, including reducing the speed of trains. On Friday, the Secretary of Transportation ordered a 48-hour halt to rail traffic in parts of BC. Further restrictions apply until October 31st.

Vaccine update: Canada is moving closer to the US in the percentage of the population fully vaccinated against COVID-19. Another 1.4 million doses of the Pfizer / BioNTech vaccine are expected to arrive this week, bringing the total doses to more than 55 million. Around 42.7 percent of eligible people in Canada were fully vaccinated.


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Death Valley reaches 54 ° C: Amid a brutal heat wave in the western Pacific Northwest, California’s Death Valley reached 130 ° F (54 ° C), one of the highest temperatures ever recorded on Earth. And of course, forest fires are raging.

Cubans protest: Thousands of Cubans have participated in the largest anti-government protests in decades. To protest against the collapsed economy and the government’s handling of the pandemic, they marched through Havana and other cities shouting: “Down with the dictatorship”.

A busy weekend for football fans: Argentina beat Brazil to win the Copa America. Italy beat England to win the European Championship. Before the final of that tournament, the Mayor of London defended the decision to allow 60,000 fans to attend the last two games at Wembley. When you see how the English fans behaved yesterday, you wonder if he regrets that decision.

Elsewhere: “Prime suspect” arrested in shooting the President of Haiti. Jordan arrests two high-ranking figures convicted of plotting a coup. “Graphic” vaccination advertising in Australia is causing backlash. Israeli data appears to show that COVID vaccine protection wears off after six months.






One Brit who was too busy to see the Euro 2020 final was Richard Branson, who instead raced into the (edge) of space. Look here.

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