Initial Financing Costs Sink Manufacturers’ Tax Appeal
PM v DGIR, PR v DGIR, PI v DGIR 20.1.2020 The petitioners are called PM, PR, and PI, which seem to be abbreviations for company names. Obtaining financing can be costly for businesses, but can those costs be deducted against taxable income? Three manufacturing companies found out that the answer is often no, as tax […]
