A litigation officer with the Canada Revenue Agency alleges that Toronto-area company Gold Line Telemanagement made 'material misstatements' on tax returns and was 'part of a group of companies that participated in sham transactions.'
In its own court filings, Gold Line has rejected CRA allegations, stating 'there was no deceit, intentional or otherwise,' in its filings and that it was genuinely engaged in the long-distance telecom business.
The CRA alleges that starting in 2016 Gold Line acted as a middle party in the world of wholesale telecom, purporting to buy and sell international telephone call minutes. Based on what the CRA now alleges were 'sham' transactions, the company claimed and received $37 million in sales tax refunds.
Between these two cases, the CRA claims to have wrongly dispersed $100 million to carousel schemes.
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