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Highlights
FEATURE ARTICLE
Linked Instruments Offer Investor Attractions
David W. Glicksman, Kevin Kelly
Investors wishing to have exposure to foreign
investments which may also be foreign investment entities have found
bank or special purpose entity linked instruments extremely attractive.
As David Glicksman and Kevin Kelly explain, such investments may also be
structured to permit conversion to capital account of returns on
investment and to eliminate exposure to Canadian non-resident
withholding tax.
RECENT TRANSACTIONS
Income Deposit Securities
Ken Snider
Income deposit securities which parallel the tax
effect of cross-border income trusts in maximizing cash flow to
investors and achieving one level of tax have become popular for U.S.
issuers. For issuers hoping to tap Canadian institutional markets,
income participating securities are similar in design but afford, if
properly structured, significant advantages.
FINANCE UPDATE
MBS Certificates and Proposed Paragraph 4900(1)(j) of the
Regulations
Jonathan Willson
CRA UPDATE
Transfer Pricing – Exception for Parent Loan
Guarantees
Paul K. Tamaki
CRA UPDATE
Interest on Partnership Debt Paid by Partners
Yi-Wen Hsu
CURRENT CASES
Transocean Offshore Limited v. The Queen
Monica Biringer
U.K. RECENT DEVELOPMENTS
Tax Disclosure Rules – U.K. Tries to Nip Tax Avoidance
in the Bud
Stephen M. Edge
U.S. RECENT DEVELOPMENTS
Long-Term Capital Holdings, et. al v. United States
Willard B. Taylor
EU RECENT DEVELOPMENTS
German Tax Authorities Issue Ruling on Amended Thin Cap
Rules
Eugen Bogenschütz, Asmus Mihm
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Board
Elinore J. Richardson
Editor-in-Chief
Borden Ladner Gervais LLP
Toronto
Hugh Berwick
Alcan Inc.
Montreal
Monica Biringer
Osler, Hoskin & Harcourt LLP
Toronto
Stephen W. Bowman
Bennett Jones LLP
Toronto
Peter J. Connors
Orrick Herrington & Sutcliffe LLP
New York
R. Ian Crosbie
Davies Ward Phillips & Vineberg LLP
Toronto
Stephen M. Edge
Slaughter and May
London
David W. Glicksman
Stikeman Elliott LLP
Toronto
Mitchell Sherman
Goodmans LLP
Toronto
Paul K. Tamaki
Blake, Cassels & Graydon LLP
Toronto
Willard B. Taylor
Sullivan & Cromwell LLP
New York
Stephanie A. Wong
Borden Ladner Gervais LLP
Toronto |
