Mar. 27, 2024 - Substantial amendments to the Investment Canada Act (ICA) were enacted on March 22, 2024, with the passing of Bill C-34, the National Security Review of Investments Modernization Act. These amendments, long in the works, will come into effect on a date to be fixed by Cabinet. It...
Announcement
Nathan Boidman and Peter A. Glicklich on U.S. Bill Attacking Foreign DSTs and UTPR
Davies Senior International Tax Counsel Nathan Boidman and partner Peter A. Glicklich were recently featured in Bloomberg Tax.
They co-authored a piece on H.R. 3665, or the “Defending American Jobs and Investment Act.” This proposed legislation could, if adopted, indirectly compel other countries (including Canada) that have subscribed to OECD Pillars to drop digital services taxes (DSTs) and the undertaxed profit rule (UTPR).
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Mar. 13, 2024 - The Canadian government recently issued two policy statements (IDM Statements) affirming that it will enhance its scrutiny under the Investment Canada Act (ICA) of foreign investments in the Canadian Interactive Digital Media (IDM) sector. One of the statements sets out the...
