The world's largest publicly traded uranium company will clash in court this week with the Canadian Revenue Agency over a potential $2.2-billion tax bill. At question is whether Saskatoon-based Cameco Corp. set up a subsidiary in low-tax Switzerland and sold it uranium at a low price simply to avoid tax, as the CRA contends. Dennis Howlett, executive director of Canadians for Tax Fairness, says the case is important because the government has a more clear-cut case compared with other tax disputes. "International tax non-compliance and aggressive tax avoidance are complex global issues. The CRA is committed to combating the abusive use of offshore jurisdictions and protecting the integrity of the Canadian tax system."

Source: CBC News October 03, 2016 13:56 UTC