The appeals court decision in our case has raised important questions about the jurisdiction of the Tax Court of Canada and the power of courts to review the Canada Revenue Agency's administrative decisions. We strongly disagree with the Federal Court of Appeal's ruling against us, and we have appealed the decision to the Supreme Court of Canada.
This legal battle is not just about recovering lost revenue for us. It is also about setting a precedent for fairness and equity in the Canadian tax and legal system. We believe that all businesses should be treated fairly under Canadian law, and we are proud to fight for what we believe in.
We recognize that the outcome of this case will have far-reaching implications, not just for the telecommunications industry but also for how the Canadian government interacts with the private sector. That is why we are not just fighting for ourselves but for all businesses in Canada.
We know that this legal battle will not be easy, but we are determined to see it through to the end. As our President and CEO, Samer Bishay, has stated, "the issue of oversight of government conduct and the jurisdiction of the courts in Canada is an issue of national importance," and we are proud to be at the forefront of this fight.
At Iristel, we believe that our fight for fair taxation is a battle for what's right. We will not rest until we have secured justice and fairness in the Canadian tax and legal system, not just for ourselves but for all businesses in Canada.
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