Article Date 30/10/2020

Supreme Court to settle Loblaw offshore tax case that feds say risks $1 billion in revenue

Source Financial Post

The Supreme Court of Canada on Thursday announced it will hear an offshore tax case the federal government claims has jeopardized more than $1 billion in revenue and undermined its ability to combat corporate tax avoidance.

Canada's highest court granted the government's application for leave to appeal a Federal Court of Appeal decision released in April involving a Barbados-based subsidiary of another subsidiary of Loblaw Cos. Ltd., the grocery and pharmacy chain controlled by the billionaire Weston family.

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