Tax court

Minister of Justice and Attorney General of Canada announces judicial appointments to the Federal Court

Retrieved on: 
Monday, February 12, 2024

OTTAWA, ON, Feb. 12, 2024 /CNW/ - The Honourable Arif Virani, Minister of Justice and Attorney General of Canada, today announced the following appointments under the judicial application process established in 2016.

Key Points: 
  • OTTAWA, ON, Feb. 12, 2024 /CNW/ - The Honourable Arif Virani, Minister of Justice and Attorney General of Canada, today announced the following appointments under the judicial application process established in 2016.
  • Julie L. Blackhawk, General Counsel at the Department of Justice Canada in Ottawa, is appointed a Judge of the Federal Court.
  • This includes 64 appointments since the Honourable Arif Virani became Minister of Justice and Attorney General of Canada on July 26, 2023.
  • Federal judicial appointments are made by the Governor General, acting on the advice of the federal Cabinet and recommendations from the Minister of Justice.

Minister of Justice and Attorney General of Canada announces a judicial appointment to the Federal Court

Retrieved on: 
Monday, January 29, 2024

Justice Whyte Nowak replaces Justice S. Roussel, who was elevated to the Federal Court of Appeal effective April 19, 2022.

Key Points: 
  • Justice Whyte Nowak replaces Justice S. Roussel, who was elevated to the Federal Court of Appeal effective April 19, 2022.
  • She has experience litigating at the Federal Court, Federal Court of Appeal and Supreme Court of Canada.
  • This includes 62 appointments since the Honourable Arif Virani became Minister of Justice and Attorney General of Canada on July 26, 2023.
  • Federal judicial appointments are made by the Governor General, acting on the advice of the federal Cabinet and recommendations from the Minister of Justice.

Minister of Justice and Attorney General of Canada announces judicial appointments to the Federal Court of Appeal

Retrieved on: 
Monday, January 29, 2024

The Honourable Elizabeth Walker, a Judge of the Federal Court, is appointed a Judge of the Federal Court of Appeal.

Key Points: 
  • The Honourable Elizabeth Walker, a Judge of the Federal Court, is appointed a Judge of the Federal Court of Appeal.
  • The Honourable Vanessa Rochester, a Judge of the Federal Court, is appointed a Judge of the Federal Court of Appeal.
  • This includes 62 appointments since the Honourable Arif Virani became Minister of Justice and Attorney General of Canada on July 26, 2023.
  • Federal judicial appointments are made by the Governor General, acting on the advice of the federal Cabinet and recommendations from the Minister of Justice.

Metro Vancouver Properties Corp. announces the results for the three months ended November 30, 2023

Retrieved on: 
Saturday, January 13, 2024

VANCOUVER, British Columbia, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Metro Vancouver Properties Corp., a Vancouver-based real estate company announces the results of operations for the three months ended November 30, 2023.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Metro Vancouver Properties Corp., a Vancouver-based real estate company announces the results of operations for the three months ended November 30, 2023.
  • The results reported are pursuant to International Financial Reporting Standards (IFRS) for public companies.
  • Also included in net loss is a net loss on the fair value adjustment on investment properties of approximately $8.7 million (2022: $4.5 million).
  • The Madison Appeal was heard by the Tax Court of Canada (the “TCC”) in 2020, 2022 and 2023.

Madison Pacific Properties Inc. announces the results for the three months ended November 30, 2023 and declares dividend

Retrieved on: 
Saturday, January 13, 2024

VANCOUVER, British Columbia, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Madison Pacific Properties Inc. (the Company) (TSX: MPC and MPC.C), a Vancouver-based real estate company announces the results of operations for the three months ended November 30, 2023 and declares dividend.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Madison Pacific Properties Inc. (the Company) (TSX: MPC and MPC.C), a Vancouver-based real estate company announces the results of operations for the three months ended November 30, 2023 and declares dividend.
  • Also included in net loss is a net loss on the fair value adjustment on investment properties of approximately $8.0 million (2022: net gain of $0.3 million).
  • The decision denied Madison Pacific Properties Inc.’s ability to use certain carryforward losses for certain taxation years within its 2009 to 2017 taxation years.
  • As at November 30, 2023, the Company owns approximately $687 million in investment properties, including the Company’s proportionate share of properties held through joint operations.

Prime Minister announces appointment of new Associate Chief Justice of the Tax Court of Canada

Retrieved on: 
Friday, December 15, 2023

OTTAWA, ON, Dec. 15, 2023 /CNW/ - The Prime Minister, Justin Trudeau, today announced the appointment of the Honourable Anick Pelletier, a judge of the Tax Court of Canada, as the new Associate Chief Justice of the Tax Court of Canada.

Key Points: 
  • OTTAWA, ON, Dec. 15, 2023 /CNW/ - The Prime Minister, Justin Trudeau, today announced the appointment of the Honourable Anick Pelletier, a judge of the Tax Court of Canada, as the new Associate Chief Justice of the Tax Court of Canada.
  • "I wish the Honourable Anick Pelletier every success as she takes on her new role as Associate Chief Justice of the Tax Court of Canada.
  • I am confident Associate Chief Justice Pelletier will continue to be a great asset to the Tax Court of Canada."
  • Chief Justices and Associate Chief Justices are appointed by the Governor General on the advice of Cabinet and the recommendation of the Prime Minister.

IRS Whistleblower Receives $15.1 Million Award for Exposing Sophisticated Tax Evasion Scheme

Retrieved on: 
Wednesday, November 29, 2023

WASHINGTON, Nov. 29, 2023 /PRNewswire/ -- Whistleblower attorneys Stephen M. Kohn and Dean Zerbe are pleased to announce today that a joint client – who wishes to remain anonymous – received an IRS whistleblower award of $15.1 million. The whistleblower provided the IRS with information that led to an enforcement action against 109 high-wealth individuals who had engaged in a sophisticated illegal tax evasion scheme -- resulting in over $71 million dollars being returned to the U.S. Treasury.

Key Points: 
  • WASHINGTON, Nov. 29, 2023 /PRNewswire/ -- Whistleblower attorneys Stephen M. Kohn and Dean Zerbe are pleased to announce today that a joint client – who wishes to remain anonymous – received an IRS whistleblower award of $15.1 million.
  • The whistleblower provided the IRS with information that led to an enforcement action against 109 high-wealth individuals who had engaged in a sophisticated illegal tax evasion scheme -- resulting in over $71 million dollars being returned to the U.S. Treasury.
  • "Today's award serves to reinforce that the IRS Whistleblower Program is critical in going after wealthy individuals who are evading tax.
  • Finally, Steve and I are honored to represent the whistleblower whose commitment to justice and exposing tax evasion made this all happen."

From the Tax Law Offices of David W. Klasing - California and the IRS are Targeting Taxpayers Who Claimed a Large Conservation Easement or Captive Insurance Deduction

Retrieved on: 
Friday, November 17, 2023

In July 2020, the U.S. Tax Court took a significant step by invalidating four more abusive syndicated conservation easement transactions.

Key Points: 
  • In July 2020, the U.S. Tax Court took a significant step by invalidating four more abusive syndicated conservation easement transactions.
  • The IRS responded by urging taxpayers involved in such transactions to promptly accept any settlement offers from the agency.
  • Get assistance from our Dual-Licensed California Tax Lawyers & CPAs by calling the Tax Law Offices of David W. Klasing at (800) 681-1295.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-dav...
    SOURCE Tax Law Offices of David W. Klasing, PC

The Coca-Cola Company Comments on Tax Court Decision

Retrieved on: 
Thursday, November 9, 2023

On Nov. 8, the U.S. Tax Court issued a supplemental opinion in The Coca-Cola Company & Subsidiaries v. Commissioner of Internal Revenue.

Key Points: 
  • On Nov. 8, the U.S. Tax Court issued a supplemental opinion in The Coca-Cola Company & Subsidiaries v. Commissioner of Internal Revenue.
  • The Coca-Cola Company disagrees with the actions of the IRS and the latest decision by the U.S. Tax Court.
  • While we disagree with the court’s interpretation of the facts and law in this case, we are pleased to move closer to a final resolution of the Tax Court case so that we can pursue an appeal, where we can assert our claims and vigorously defend the company’s position.
  • We do not expect the results in this recent supplemental decision to change the methodologies we have used to calculate the tax reserve we have taken or the potential aggregate incremental tax and interest liability we have disclosed related to the dispute with the IRS or our effective tax rate.

Cameco Announces Third Quarter Results; Tier-One Transition Continues to Drive Gross Profit Improvement; Amplified Security of Supply Concerns Benefit Full-Year Revenue Outlook; Decade-High Industry Contracting Volume Achieved; Dividend Declared

Retrieved on: 
Tuesday, October 31, 2023

In the short term, supply chain issues and inflation risks are causing production challenges for current operators.

Key Points: 
  • In the short term, supply chain issues and inflation risks are causing production challenges for current operators.
  • Compared to previous price cycles, the market does not have the inventory or secondary supplies to absorb market shocks.
  • This conference of government and industry leaders met with the intention of building leadership and cooperation in nuclear energy.
  • The transition to a clean and secure energy world is our imperative and I look forward to helping this transition with Cameco,” said Dominic Kieran.