September 23, 2020

CATA Member Lloyed Lobo’s Bloomberg Tax Column in Support of Small Business Tax Credits

 

INSIGHT: The Real Problem With Amazon’s Tax Bills

Sept. 23, 2020, 4:00 AM

 

 

September 21, 2020

New – Download North Fall Magazine Edition – People & Policy

We’re introducing the Fall Issue of Download North – People & Policy. This inaugural Magazine quarterly format joins the Download North Media Suite, which will include a podcast and monthly newsletter. 

The Fall Issue reviews CATA’s advocacy focus that kicked off with a letter to Prime Minister Trudeau on 3 April. These efforts led to an expedient restart to SR&ED claims following $200,000,000 in stalled returns.  Thousands of companies benefitted in the uncertain days of early COVID19.

Hundreds of CATA community members contributed to surveys, letter writing campaigns and meetings that included Cabinet Ministers, MPs and Canada’s Ambassador to the World Trade Organization (WTO). Topics ranged from CATA’s proposal to digital trade and WTO reform.

As we approach the eve of the September 23rd Throne Speech, strategies for the future have taken a twisting and turning path.  The Organisation for Economic Co-operation and Development (OECD) came out in support of the same approach CATA recommended for small and medium technology companies back in April. 

In her 20 September blog, Coronavirus; Living with Uncertainty, OECD Chief Economist, Laurence Boone penned economic outlook recommendations. She provided guidance to world leaders on national economic policy:

‘Support to firms must evolve to let non-viable firms go and encourage viable ones to grow. Equity instruments could be deployed for large firms, with state support, provided competition is preserved and a clear strategy for exit designed. However, it will require more creativity for SMEs, for example in the form of tax credits, with repayments occurring when firms sustainably return to profit’

CATAAlliance submitted a creative Resilience and Rebound Proposal  for this very solution in April. 338 members of parliament have received  this simple like CERB data solution that uses government audited data to boost liquidity for new market opportunities, GDP, R&D creation and jobs.

We have offered additional solutions and advised Minister Chrystia  Freeland that CATA stands by ready to help.