Deloitte Belgium Tax and Legal Summary

Revenue and Tax Implications of Cannabis Legalization in Canada

• $11 billion in sales of Cannabis products in Canada since 2018, with $15 billion in taxes generated.
• $1 billion in direct contributions to government revenue, $2.9 billion from sales and excise taxes, and $11.2 billion from indirect and induced tax sources (source).
• Pros:
  • Cultural and economic benefits.
  • Job creation and stock profits.
  • Reduction in policing costs and incarceration.
• Cons:
  • Investors lost hundreds of billions in the industry.
  • Lack of profitability among cannabis companies.

Consulting Changes at Deloitte

• Restructuring plans at Deloitte suggest potential layoffs, particularly in consulting (S&O becoming S&Uh Oh).
• Employees express frustration with the company's management and work culture, with some even being laid off.
• Pros:
  • Potential for focus on tech transformation.
• Cons:
  • Lack of clarity regarding impacts on business units and employees.

Dropshipping Concerns

• Dropshipping is viewed negatively, likened to scams and disingenuous practices.
• Individuals caution against Dropshipping due to subpar products, long delivery times, and potential legal issues.
• Pros:
  • Easy market entry with minimal involvement after setup.
• Cons:
  • Minimal profits compared to effort.
  • Risks of fines due to regulatory violations.

Taxation Issues in Belgium

• Discussions about Taxation inequalities among single individuals and families.
• Various strategies shared for reducing tax burdens, such as being married, having children, or owning a home.

Based on the Reddit comments, the revenue and tax implications of cannabis legalization in Canada show both benefits and challenges, with job creation and tax revenue offset by investor losses and industry profitability issues. The consulting changes at Deloitte raise concerns about potential layoffs and restructuring impacts. Dropshipping is criticized for its lack of value and questionable practices. Lastly, taxation issues in Belgium prompt discussions on strategies to minimize tax obligations.