Ruling clarifies ‘de facto control’ and ‘factual non-arm’s length’ are separate determinations: lawyer

By Ian Burns ( December 1, 2020, 9:34 AM EST) -- If a person is the directing mind for a business transaction then that individual would also have de facto control of the terms of the transaction, the Federal Court of Appeal has ruled in a tax case involving a company’s attempt to claim an investment loss for shares in a company which were found to have no value....
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