Withheld tax refunds have 'direct impact' on telecoms, professor says in Iristel case

Company gearing up for multi-day court battle with CRA as hearings resume By Ahmad Hathout MARKHAM-BASED TELECOM Iristel is hoping a favourable opinion from a renowned professor and expert on international tax law will help it win its grievance against the Canada Revenue Agency’s refusal to provide the company with tax refunds the agency alleges was obtained from an illegal long distance calling scheme. The CRA is accusing the telecom of completing international long distance calls by using illegitimate suppliers that don’t report and remit tax to the Canadian government. While not accused of any wrongdoing, Iristel has been left...