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Cameco uranium company a “great corporate citizen”? Actually NO!

Don’t call Cameco a “great corporate citizen,” group says BY JASON WARICK, THE STAR PHOENIX APRIL 17, 2015 Governments should not describe Cameco as a “great corporate citizen” while suing the company over a $1.5 billion tax debt, a lobby group says.

“One questions whether governments should promote companies who so flagrantly violate Canadian tax law,” said Dennis Howlett, executive director of Canadians for Tax Fairness………

Howlett noted Cameco is in court for allegedly avoiding payment of $1.5 billion in federal and provincial taxes by funnelling business through a Swiss subsidiary. The IRS in the United States also alleges the mining company owes it more than $30 million. Cameco is disputing the allegations.

Howlett said he wonders what deterrent there is for companies to dodge their taxes if governments continue to praise them. He said it sends all the wrong signals, noting the issue is particularly serious because of the massive amounts involved.

“It is very much a concern,” he said.

Speaking to reporters at the Saskatchewan legislature on Thursday, Wall said he’s been “watching very carefully” as the tax case develops…….. http://www.thestarphoenix.com/news/call+Cameco+great+corporate+citizen+group+says/10982294/story.html

April 20, 2015 - Posted by Christina Macpherson | Canada, Legal, Uranium