Newspaper article The Canadian Press

Tax Group Puts Up Billboard That Asks Cameco to Pay Millions in Taxes

Newspaper article The Canadian Press

Tax Group Puts Up Billboard That Asks Cameco to Pay Millions in Taxes

Article excerpt

Billboard asks Cameco to pay taxes owed

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SASKATOON - The group behind a billboard in Saskatoon targetting a major Canadian exporter says it hopes the sign gets results.

The sign asks Cameco to "pay up" and says the company owes hundreds of millions in taxes to Canadians.

Don Kossick of Saskatchewan Citizens for Tax Fairness says they went with a billboard in the hopes it will influence Cameco to not use offshore havens for its money.

Cameco (TSX:CCO) is in a dispute with the Canada Revenue Agency over hundreds of millions of dollars of corporate taxes.

The agency alleges a 17-year contract Cameco signed in 1999 with a subsidiary it set up in Switzerland was a tax dodge and the company owes up to $850 million in corporate taxes.

Cameco wouldn't comment on the billboard, but Rob Gereghty, manager of media relations, said in an email that "Cameco has always, and continues to pay all taxes due under the laws of Canada and other jurisdictions where we conduct business. …

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