21
Sep
18:16
Tree Island ordered to pay $8.76m tax bill
Tree Island Steel has received a notice of reassessment from Canada's revenue agency in regards to the company's wholly owned subsidiary, Tree Island Industries, and its fiscal years of 2015 through 2018
The notice asserts that Tree Island Industries provided its direct and indirect wholly owned subsidiaries, Tree Island Wire (USA) Inc. and Tree Island Wire Holdings (USA) Inc., inter-company loans that were written down as either bad debt, or capital accou…
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