Last night at the International Tax Review (ITR) Americas Tax Awards, Davies was presented with the Canadian Tax Firm of the Year award. This award recognizes Davies’ work on matters including Fortis’ transformative proposed acquisition of Michigan-based ITC Holdings Corp. for approximately US$11.3 billion, Shaw Communications’ $2.65-billion sale of Shaw Media Inc. to Corus and McKesson Corporation’s proposed $3-billion acquisition of the Rexall pharmacies. In addition, the firm was shortlisted for the Canada Tax Court Firm of the Year, the Americas M&A Tax Deal of the Year and the Americas Private Equity Tax Deal of the Year.
The annual ITR Americas Tax Awards were presented on Thursday, September 15, 2016, at The Pierre in New York City. Based on size, innovation, complexity and impact, the awards recognize transactions, planning or cases by North and South American firms and in-house teams that break new ground, set market precedents and have a cross-border element.
Federal Court of Appeal Confirms CRA Can Collect Arrears Interest Despite Absence of a Tax Debt
Dec. 04, 2024 - The Federal Court of Appeal (FCA) recently dismissed the Bank of Nova Scotia’s (BNS) appeal and upheld the Canada Revenue Agency’s (CRA) practice of charging arrears interest on a non-existent tax debt where audit adjustments increase taxable income that is offset by the carryback of a loss...
U.S. Supreme Court Upends 40 Years of Judicial Deference to Regulations
July 25, 2024 - In a historical opinion in Loper Bright Enterprises v. Raimondo, Secretary of Commerce, released at the end of June, the U.S. Supreme Court overturned the “Chevron” doctrine, which for so long had controlled judicial review of U.S. federal regulations. Chevron, decided in...
