Supreme Court to settle Loblaw offshore tax case that feds say risks $1 billion in revenue

The Supreme Court of Canada on Thursday announced it will hear an offshore tax case the federal government claims has jeopardized more than $1 billion in revenue and undermined its ability to combat corporate tax avoidance. Canada’s highest court granted the government’s application for leave to appeal a Federal Court of Appeal decision released in April involving a Barbados-based subsidiary of another subsidiary of...