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CRA Audits Eli Lilly’s Tax Strategy | Calgary News
Canada Revenue Agency is auditing Eli Lilly Canada over potential tax avoidance, focusing on suspiciously low profit margins and cross-border inventory transfers from Ireland — a key part of the global pharmaceutical giant’s transfer pricing strategy. The probe, triggered by court filings in 2024, seeks documents Lilly hasn’t provided, while the company vows to fight back through the courts. Experts warn even minor errors in these complex calculations can trigger massive tax liabilities — and this high-stakes dispute could cost millions. Listen in comfort:Get a discount on a Soli Pillow…
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