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.
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...
Canada Finally Enacts the Digital Services Tax (Maybe)
July 09, 2024 - The new Digital Services Tax Act came into force with an order-in-council on June 28, 2024, imposing a 3% digital services tax (DST) on certain Canadian-source digital services revenue of large entities. The DST would first be payable in 2025, with the initial payments retroactively...
