Canadian Funds Liable For $33M Tax On Imported Service
By Vidya Kauri ( June 6, 2017, 7:03 PM EDT) -- A group of Canadian retail mutual funds is liable for CA$44.7 million ($33.2 million) in goods and services tax after the Tax Court of Canada ruled that a financial transaction they entered into with Citibank gave rise to taxable imported management services....
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