In the case of Canadian grocery chain Loblaw, the Canadian Tax Court in 2018 found that using an offshore banking affiliate in a low tax jurisdiction – Barbados – to manage the groups investments did not constitute tax avoidance.
However, the Tax Court’s interpretation of a technical provision in the Canadian legislation had the consequence that Loblaw would nonetheless have to pay $368 million in taxes and penalties.
This decision was later overturned by the Canadian Court of Appeal where a judgement in favor of Loblaw was delivered.
Canada vs Loblaw April 2020 SC
Hello, how can I download the bugs? Thank you very much for your input.
You can download the pdf’s by clicking the icon in top showing a sheet of paper with an arrow pointing down.