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Industry NewsLoblaw squares off with CRA in $400m tax battle

Loblaw squares off with CRA in $400m tax battle

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A month-long trial that sees Loblaw squaring off against the government, which claims that the company set up a Barbados subsidiary to “circumvent” taxes on hundreds of millions of dollars in investment income over two decades, began this week. If found guilty, Loblaws could be assessed $406M.

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