International Tax Review (ITR) has affirmed Davies’ reputation as a leading global tax adviser, ranking our firm as Tier 1 in Tax, Tax Controversy and Transactional Tax in its 2021 World Tax guide.
The recognition caps off a year of outstanding work on behalf of our clients, both domestically and globally. Notable recent mandates include advising Blackstone in its $6.2-billion acquisition of Dream Global Real Estate Investment Trust; Alstom S.A. in the acquisition of Bombardier Transportation; and Apotex International Inc. in the merger to create Australia’s largest generic pharmaceutical business and the sale of its commercial operations in five European countries.
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...
