The Financial Secretary to the Treasury David Gauke today (Monday 8 September) met with the Canadian Minister of National Revenue to discuss how the UK and Canada are improving services to businesses and the public while tackling tax compliance challenges.
On the agenda for the meeting was the recently signed double taxation agreement, which will modernise the legal and administrative processes between the two countries and help them work together more easily in dealing with issues such as international tax evasion.
Ministers also discussed:
- the significant progress made by both countries in tackling offshore tax evasion, as well as its continued priority
- the importance of small businesses to the growth of both economies and the need to keep red tape and paperwork to a minimum
- efforts to ensure a fair and competitive business environment
Financial Secretary to the Treasury David Gauke said:
Canada is a key partner of the UK, and our tax administrations are very similar.
It was great to meet again today and have such a productive discussion.
It was a useful opportunity to talk about progress made so far in tackling key issues such as offshore tax avoidance and evasion, and how we will continue to work closely together in the future.
Canadian Minister of National Revenue Kerry-Lynne Findlay said:
I am very pleased with today’s meeting.
Our two administrations share many similar goals: combatting international tax evasion and aggressive tax avoidance, ensuring a fair and competitive tax regime, and reducing red tape for businesses.
I am certain that, as we continue to build this relationship and work together, we will help address global non-compliance and contribute to the ongoing international dialogue regarding cooperation and collaboration in tax administration.