Silver Wheaton received a proposal letter from the Canada Revenue Agency last month, in which the CRA proposed to reassess the company's tax liability for the years 2005-2010. As per the CRA, under the transfer pricing provisions of the Income Tax Act (Canada) pertaining to the income earned by the company's subsidiaries located outside Canada, the company's income subject to taxation in Canada should be increased by US $567 million for the years 2005 to 2010.
The Potential Impact Of An Upward Revision In Silver Wheaton's Effective Tax Rate
Forbes - 27 Aug 2015 19:40
Silver Wheaton received a proposal letter from the Canada Revenue Agency last month, in which the CRA proposed to reassess the company's tax liability for the years 2005-2010. As per the CRA, under the transfer pricing provisions of the Income Tax Act (Canada) pertaining to the income earned by the company's subsidiaries located outside Canada, the company's income subject to taxation in Canada should be increased by US $567 million for the years 2005 to 2010.
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