Cable / Telecom News

Iristel gets dance with Supreme Court over CRA tax fight

OTTAWA – The country’s top court said Thursday it will hear Iristel’s complaint that the Canada Revenue Agency is withholding money from the company over an alleged scheme to defraud the government. The telecom said the tax agency is withholding more than $80 million from the company on allegations it was involved in a “carousel scheme” wherein it allegedly used illegitimate call suppliers that don’t report or remit tax to the government. The importer of the good in such a scheme would not report or pay taxes, sells the good down the supple chain until its exported, and then imports...