Canadian Miner Cameco Wins Tax Dispute Over Swiss Subsidiary (2)

June 29, 2020, 7:25 PMUpdated: June 29, 2020, 10:16 PM

A court in Canada has sided with Cameco Corp., one of the world’s largest uranium companies, in a lengthy legal battle over how the federal tax agency calculates corporate profits from foreign subsidiaries.

The Federal Court of Appeal has no reason to interfere in an earlier Tax Court of Canada decision that upheld transactions between Cameco Corp. and a subsidiary in Switzerland, the court said in a judgment shared by the company Monday.

The Canada Revenue Agency appealed the tax court finding in October 2018.

“If CRA feels the laws aren’t written the way they want, then it’s clear ...

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