Procter & Gamble Hygiene and Health Care on Wednesday said it had arrived at an advanced pricing agreement with the tax authorities for certain identified transactions with the company’s affiliates.
“As a consequence of this agreement, an additional tax liability, approximately Rs 36 crore (including interest) is payable,” the company said.
However, there will be a reduction in contingent liabilities of approximately Rs 87 crore, subject to withdrawal of relevant tax litigations by the respective parties.
The agreement is for financial years 2010-11 to 2018-19, said Procter & Gamble Hygiene and Health Care in a regulatory filing.
“This is to…
Dr. Stephen Major says he doesn’t see anything in the provincial budget that will address the urgent problems facing Newfoundland and Labrador’s health-care system, and says he’s worried the public is getting too comfortable with a failing system.
Major, a family and emergency room doctor in St. John’s, is the incoming president of the Newfoundland and Labrador Medical Association.
While he was encouraged to see more spending in some areas, Major said he was disappointed by a lack of urgency in the province’s $4-billion health-care plan for this fiscal year.
“The biggest issue I see is no real attempt to…