International Tax Review (ITR) has once again affirmed Davies’ reputation as a leading global tax adviser, ranking our firm as Tier 1 in its 2020 World Tax guide.
In its profile of Davies, ITR notes that the firm “maintains a dominant position in Canada” in the areas of transactional tax, tax controversy and general corporate tax. Notable recent transactions include advising Barrick Gold Corporation in its US$18.3-billion share-for-share merger with Randgold Resources Limited; Apotex International Inc. in the sale of its European generics business to Aurobindo Pharma Limited; and Michelin Group in its US$1.7-billion acquisition of Camso Inc.
World Tax is ITR’s annual guide to the most effective tax practitioners in more than 50 jurisdictions globally, as determined by client and peer feedback and evidence of outstanding work in the past year.
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...
