Beijing announced it has increased its tariffs on US imports to 125% earlier today, 11 April 2025. "The US side's imposition of excessively high tariffs on China seriously violates international economic and trade rules, runs counter to basic

Canada’s finance minister François-Philippe Champagne confirmed on 8 April 2025 that Canada’s new countermeasures, announced on 2 April 2025, in response to the unjustified tariffs imposed by the US on the Canadian auto industry came into force

The US Internal Revenue Service (IRS) issued IR-2025-45 on 10 April 2025 reminding self-employed individuals, retirees, investors, businesses and corporations that 15 April is the deadline for first quarter estimated tax payments for tax year

The Government has launched public consultation on proposals to reform the GST rules for joint ventures on 7 April 2025. The proposals in the discussion document are largely aimed at ensuring the GST rules are fit for purpose for joint venture

US President Donald Trump announced a three-month suspension of all “reciprocal” tariffs that took effect on 9 April 2025, excluding those applied to China. The sweeping tariffs will remain for China, the world’s second largest economy and

The US Internal Revenue Service (IRS) has released an updated practice unit on Branch-Level Interest Tax Concepts. Below is a general overview of the key points covered in this publication: Note: This Practice Unit was updated to remove