New Democrats on the committee say the Liberals need to apply corporate income taxes on e-commerce profits earned in Canada by domestic and foreign sellers, provided the income exceeds a specific threshold. (canadianbusiness.com)
This could benefit the foreign sellers, but could also make the domestic alternative an attractive proposition. (religion-online.org)
To solve the problem, FIRPTA established a general requirement on the purchaser of real estate interests owned by a foreign seller to withhold 10 percent of the purchase price and remit it to the Internal Revenue Service at the time of closing unless certain exceptions are met. (nar.realtor)