Published: September 14, 2022
Last Updated: September 16, 2022
David Rotfleisch, founder of tax boutique Rotfleisch & Samulovitch Professional Corp., who wasn’t involved in the case, says the wording of the governing legislation may have left the court with no choice but to reach the conclusion it did. “The legislation is drafted overly broadly, so the decision may be technically correct, however absurd the result. And the government has no intention of amending the law because it would decrease tax revenues.”
Read more here.
Disclaimer:
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."
