Taxpayer Wins "Beneficial Ownership" Case: Velcro Canada Inc. v. The Queen – Mondaq News Alerts (registration)

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Taxpayer Wins "Beneficial Ownership" Case: Velcro Canada Inc. v. The QueenMondaq News Alerts (registration)The court held that the Dutch company was not a mere conduit for the Netherlands Antilles company as had been alleged by the Crown. Thi…

Taxpayer Wins "Beneficial Ownership" Case: Velcro Canada Inc. v. The Queen
Mondaq News Alerts (registration)
The court held that the Dutch company was not a mere conduit for the Netherlands Antilles company as had been alleged by the Crown. This decision is important as it provides further clarification of the circumstances under which taxpayers may arrange

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