Uranium miner Cameco is urging the Canada Revenue Agency to return CAD480m ($352m, €324m) in withheld tax after an agreement to return a related CAD300m.
Cameco said on Monday (27 March) that past court rulings require the CRA to refund all CAD780m the company has been seeking in a dispute over its transfer pricing transactions for the 2007-2013 tax years.
Cameco said a series of court decisions that were “completely and unequivocally” in Cameco’s favour for the 2003, 2005 and 2006 tax years determined that the income earned by Cameco’s foreign subsidiary from the sale of non-Canadian produced uranium was not taxable in Canada.
…