Yes. They are proposing to retroactively make a change to tax legislation to override a court case to effectively change the tax treatment of assessment fees. The card networks apply a charge to both issuers and acquirers.
Vice-President, Personal and Commercial Banking, Canadian Bankers Association
Yes. They are proposing to retroactively make a change to tax legislation to override a court case to effectively change the tax treatment of assessment fees. The card networks apply a charge to both issuers and acquirers.
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