LOWER TAX FOR WOMEN: COUNCIL
A cross-border council on women in business recommends that companies controlled by women should get lower tax rates. The Canada-United States Council for Advancement of Women Entrepreneurs and Business Leaders made the suggestion in a report released Wednesday that offered recommendations on how to better support women in business. The group interviewed investors, institutions, asset managers, pension funds and venture capital firms and found that women are not being financially backed at the same level as men and are less likely to have leadership roles within corporations. That’s why it called for a lower tax rate for women-owned businesses, similar to the lower rates already offered to private corporations that are Canadian-controlled. The council was formed last year from a meeting between Ivanka Trump and Prime Minister Justin Trudeau.