PtboChamber makes recommendations on digital tax policy

In just over three weeks, chambers of commerce and boards of trade from across the country will be meeting in Thunder Bay. Overall there will be nine policy resolutions on tax policy, including one from the Peterborough Chamber co-sponsored by the Chambre du Commerce du Montreal Metropolitan and the Port Hope & District Chamber of Commerce. The resolution titled "Bridging the Digital Tax Divide to Ensure a Fair and Equitable Fiscal Environment for All Businesses" offers three recommendations to the federal government: 1. Examine how to apply VAT evenly and predictably across provinces and sectors in a digital world, including an assessment of potential revenue from foreign digital companies. 2. Require foreign digital companies to charge an appropriate provincial VAT (e.g. GST/HST) on sales related to the purchase of their services in Canada and remit the revenues from these taxes to the proper tax authorities. 3. Require foreign digital companies to register with the Canada Revenue Agency. Delegates will be voting on the resolutions September 23 and 24. More: peterboroughchamber.ca/blog