Canada’s Biggest Companies Offered Federal Help Amid COVID-19 Crisis

Applicants will have to reveal how they are structured at home and overseas with officials looking for aggressive tax avoidance, Trudeau said. Any companies convicted of tax evasion won’t be eligible for help.

Companies that ask for the help will also have to show how they are contributing to reducing greenhouse gas emissions over the coming years, tying the cash to the Liberals’ promises on the environment. That will include oil and gas companies that are also facing a hit from a global drop in oil prices.

My question for Mr. Morneau is: Is this the package that he’s promised the oil and gas sector? Because if this is it, this is certainly not what was promised nor what was expected.Federal officials are conducting a detailed analysis of economic pain points to see what extra measures may be needed for companies.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Feds offering loans, 'not bailouts' to large companies to stay afloat amid COVID-19: PMThe federal government is rolling out a new multimillion-dollar loan program aimed at providing financing access to large employers impacted by COVID-19 and the economic downturn it's prompted, but Prime Minister Justin Trudeau said this aid are loans and 'not bailouts.' Only SNC gets free $ I guess Sounds good, but please don’t turn around and forgive the loans a few years from now. Big business can handle it. Trudeau should not be allowed to answer any questions about money. He s a complete disaster.
Source: CTVNews - 🏆 1. / 99 Read more »