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CRA targets Shopify

Shopify Inc. (TSX: SHOP) CEO Tobi Lütke has pledged to vigorously oppose the Canada Revenue Agency’s (CRA) demand for access to tax records from over 121,000 Canadian businesses. Lutke referred to the CRA’s request as an “overreach” and expressed his intention to fight back.

In a tweet, he stated that the Ottawa-based e-commerce giant had been asked to provide six years’ worth of records for all Canadian Shopify stores through a backchannel. Lütke firmly believes this request goes beyond what is necessary and indicated that Shopify would not comply without a fight.

“I don’t particularly want a fight with the CRA (Canada’s tax authority)- but we got asked to backchannel them 6 years of records for all Canadian Shopify stores. This feels like low-key overreach to me. We will fight this,” Lütke tweeted.

You can read more on the matter here.

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