Shopify CEO Tobias Lutke is prepared to confront the Canada Revenue Agency (CRA) over what he perceives as overreach. The e-commerce company was asked to provide tax records for more than 121,000 Canadian stores from the past six years.
Lutke expressed his disagreement on Twitter, stating that it felt like an overreach and that they would fight it.
The CRA stated that it requires judicial authorization to obtain information about unnamed individuals.
While the reason behind the inquiry is unclear, it is not uncommon for the agency to target e-commerce platforms over tax evasion concerns. Court records show the involvement of the Income Tax Act and Excise Tax Act, requiring authorization from a Federal Court judge.
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