22 Sep 2014

Eric Dufour, Partner with the Strategy & Performance Consulting Group at Raymond Chabot Grant Thornton, was delighted with the announcement by the Gouvernement du Québec confirming its financial participation in the development of Arianne Phosphate’s Lac à Paul mining project. Raymond Chabot Grant Thornton also had the opportunity to present this structuring project’s report on economic spinoffs to an audience of business people from the Chambre de commerce du Saguenay, on February 25, 2014.

Watch the interview on Canal Argent on September 15, 2014.

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17 Sep 2014

This past Tuesday, September 16, the Lac-Mégantic office of Raymond Chabot Grant Thornton celebrated its 55th anniversary. Close to 150 people, clients, business partners, employees and partners, gathered for cocktail at the Lac-Mégantic golf club.

55e Lac Mégantic

Mr. Guy Fauteux, partner in charge of the Lac-Mégantic office, took the opportunity to stress the dynamic leadership of the city’s entrepreneurs: “They are true role models for many Quebec entrepreneurs with whom we have had the privilege of working for 55 years. Our firm was there to support the Lac-Mégantic business people and intends to continue its support for many more decades to help them reach their full potential. We wish to thank our clients for their trust and our employees for their unfailing dedication over the years.”

Guy Fauteux, partner in charge of the Lac-Mégantic office

Guy Fauteux, partner in charge of the Lac-Mégantic office

The evening ended with a performance by Lac-Mégantic singer, Marie-Onile Rodrigue.

Lac-Mégantic singer, Marie-Onile Rodrigue

Lac-Mégantic singer, Marie-Onile Rodrigue

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17 Sep 2014
Sylvie Chartrand

Sylvie Chartrand

Congratulations to Sylvie Chartrand, Assurance Partner at the Saint-Jérôme office, on her appointment to the Fundraising Committee for the potential holding of the 2017 Jeux du Québec d’hiver / Quebec Winter Games. Known and appreciated in the Saint-Jérôme region, our expert can contribute to the future success of the Games by soliciting regional businesses to make this major sporting and social event a great success!

Sylvie Chartrand is very familiar with community involvement. She has engaged in several fundraising campaigns in the past, in addition to serving as a member of the Board of Directors of La Fondation de l’hôpital régional de Saint-Jérôme.

Raymond Chabot Grant Thornton more present than ever in Saint-Jérôme

In conclusion, let’s remember that Sylvie Chartrand and her team at Rochon Thériault Chartrand joined Raymond Chabot Grant Thornton last July. This agreement has given clients in the St-Jérôme region access to an expanded range of services and a more complete pool of specialized resources, while retaining the same team who already served them.

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15 Sep 2014

Montréal, September 15, 2014 – As the Organisation for Economic Co-operation and Development (OECD) prepares to deliver the first phase of its Action Plan on Base Erosion and Profit Shifting (BEPS) in Australia this week, the Grant Thornton International Business Report (IBR), a survey of 2,500 senior executives in 34 economies, finds the majority of businesses calling for increased transparency on acceptable planning, updated tax rules for a modern, digital economy and the harmonization of global corporation tax rates.

Francesca Lagerberg, global leader for tax services at Grant Thornton, based in London, said: “We have been tracking business sentiment on the need for more transparency in tax planning since news surrounding the tax practices of large multinationals such as Amazon, Google and Starbucks, broke last year. And the response has been pretty clear: business leaders want things in black and white. They have a responsibility to their investors and shareholders to keep costs down. In their words, simply telling them to pay their ‘fair share’ is not proving to be a viable alternative to a clear set of rules or principles.”

“That is why we are fully supportive of the work being undertaken by the OECD which should go some way to allaying business concerns by moving this debate away from talk to action. International tax standards clearly need to be stripped down and rebuilt for the world we live in today. The existing legislation is no longer fit for purpose in an increasingly interconnected, digital world in which the definition of a ‘border’ is archaic and next to meaningless”, stated Eric Labelle, International Tax Partner at Raymond Chabot Grant Thornton. He added that: “In Quebec, the survey showed that 71% senior executives interviewed consider tax policy and tax risk as a priority for their business. 56% would like to see an improvement in harmonizing global corporation tax rates and updating tax rules for a modern, digital economy.”

Businesses in Latin America (92%) and Europe (76%) particularly think that the global tax systems could be improved by providing more transparency in what is acceptable tax planning, ahead of North America (60%) and Asia Pacific (44%). Business leaders in Latin America (92%) also want to see updated tax rules for a modern, digital economy, ahead of Europe (68%), North America (65%) and Asia Pacific (39%). Harmonizing global corporation tax rates is advocated by the majority of businesses in Latin America (87%), Europe (64%) and North America (62%).

A further 82% of business leaders cite tax policy and risk as a priority and 39% as a major priority. A further 44% believe G20 action on transparency and avoidance would help them grow their operations, but just 23% believe this is likely to get the required global agreement.

Francesca Lagerberg concluded: “Tax planning emerges as a major issue for business leaders around the world and the call is for global action to update transfer pricing guidance to boost growth prospects. You just have to look at recent climate change negotiations to see how hard it is to build multilateral agreements on complex issues where different territories are fighting to protect sovereignty. But I am hopeful that momentum will build when the first phase of the OECD action plan is released. The road ahead is undoubtedly bumpy, but the potential rewards are worth the tough journey.”

For an interview with Eric Labelle after the release of the OECD’s recommendation tomorrow, on September 16, please contact Francis Letendre (see below).

Notes to editors
The Grant Thornton International Business Report (IBR) provides insight into the views and expectations of more than 10,000 businesses per year across more than 30 economies. This unique survey draws upon 22 years of trend data for most European participants and 11 years for many non-European economies. For more information, please visit: www.internationalbusinessreport.com

Data collection
Data collection is managed by Grant Thornton’s core research partner – Experian. Questionnaires are translated into local languages with each participating country having the option to add a small number of country-specific questions to the core questionnaire. Fieldwork is undertaken on a quarterly basis. The research is carried out primarily by telephone.

IBR is a survey of both listed and privately held businesses. The data for this release are drawn from interviews conducted in May 2014 with 2,500 chief executive officers, managing directors, chairmen or other senior executives from all industry sectors.

About Grant Thornton
Grant Thornton is one of the world’s leading organizations of independent assurance, tax and advisory firms. These firms help dynamic organizations unlock their potential for growth by providing meaningful, forward-looking advice. Proactive teams, led by approachable partners in these firms, use insights, experience and instinct to understand complex issues for privately owned, publicly listed and public sector clients and help them find solutions. More than 35,000 Grant Thornton people, across over 100 countries, are focused on making a difference with clients, colleagues and the communities in which they live and work.

About Raymond Chabot Grant Thornton
Founded in 1948, today Raymond Chabot Grant Thornton is a leader in the fields of assurance, tax, consulting services, business recovery and reorganization. Its strength is based on a team of more than 2,400 people including some 230 partners in more than 100 offices in Quebec, eastern Ontario and New Brunswick. For the past 30 years, Raymond Chabot Grant Thornton has been a member of Grant Thornton International Ltd, providing its clients with the expertise of member and correspondent firms in more than 100 countries.

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Francis Letendre
Senior advisor – Public Relations
Raymond Chabot Grant Thornton
Tel.: 514-390-4201
[email protected]

Information on the research presented:
Dominic King
Global research manager
Grant Thornton International Ltd
Tel.: +44 (0)207 391 9537
dominic.king[email protected]