Photographer: Bernard Fougères

If any word sums up today’s world, it’s definitely “instantaneous.” News spreads at the speed of light. Content is interpreted in mere seconds. Forecasts proliferate at a frenzied pace. But all this has a drawback: volatility increases. In such a context, it’s vital to take a step back. And it soon becomes clear, maintains the Caisse de dépôt et placement du Québec, that a long-term view is more relevant than ever.

Michael Izza, Chief Executive, ICAEW

“International tax reform demands strong national and G20 leadership, but the prize of a fair and efficient tax system is well worth the effort.” 

"Building more trust between companies and tax authorities will help inform the current public discussion of tax issues, creating a more fruitful conversation about tax policy choices for the 21st century."

Greg Wiebe, KPMG’s Global Head of Tax

 

Economic data

GDP growth: +0.2% Q4 2019
Consumer price inflation: 1.7% March 2020
Trade (G20): -0.1% exp, -1.3% imp, Q4 2019
Unemployment: 5.6% March 2020
Sharp drop in OECD leading indicators point to darker outlook: Last update: 14 May 2020

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