Chronicle by Pierre-Yves McSween | The taxman and the CEO of Gildan — 98.5 Montreal

Chronicle by Pierre-Yves McSween | The taxman and the CEO of Gildan — 98.5 Montreal
Chronicle by Pierre-Yves McSween | The taxman and the CEO of Gildan — 98.5 Montreal

On Paul Arcand’s show on Wednesday, columnist Pierre-Yves McSween discusses the financial problems at Gildan, where the president, who had been ousted, has returned to his position. He mentions an article published in The Press concerning the company’s tax and that of the president and CEO of Gildan.

The text mentions that CEO Glenn Chamandy is at the heart of two tax disputes totaling nearly $48 million.

Let us point out that the government is demanding these millions of dollars from the CEO, but especially from one of his numbered companies.


On Paul Arcand’s show, Wednesday, listen to Pierre-Yves McSween explain what tax evasion and avoidance means, just like an aggressive transaction, undeclared income or even an interest-free loan to a company.


The return of Glenn Chamandy

Following the resignation of Gildan’s entire board and CEO last week, Gildan co-founder and CEO Glenn Chamandy has returned to the company.

The clothing maker’s new CEO and president was ousted from his post last year, following accusations that he was unfit to run the Montreal-based clothing company.

Gildan, owner of the American Apparel brand, is one of the world’s largest manufacturers of affordable T-shirts. It became a US$6 billion company through a strategy of manufacturing in countries with cheap labor.

-

-

NEXT Jiangxi, the world heart of strategic metals