• Court Of Appeal Accepts GlaxoSmithKline Arguments in Transfer Pricing Case
  • August 18, 2010
  • Law Firm: Borden Ladner Gervais LLP - Toronto Office
  • On July 26, 2010, the Canadian Federal Court of Appeal released its decision in the case of GlaxoSmithKline Inc. v. Her Majesty The Queen. The case was heard on March 10, 2010 at the instance of the taxpayer on appeal from a decision of the Tax Court of Canada (2008 TCC 324), which, except for a minor upward adjustment to pricing, upheld the Minister of National Revenue's assessment against the taxpayer.