Loblaw (TSX : L) and the Canada Revenue Agency faced off in court in 404 M $CAN dispute over tax avoidance allegations

Loblaw faced off in a CAN$ 404M dispute involving allegations that the grocery giant’s Barbadian banking subsidiary was misused for tax avoidance. The tax battle has its roots back in 1992, when Loblaws incorporated a regular offshore company in Barbados initially called Loblaws Inc. A little over a year later, […]