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Canada may stop Internet pharmacies cross-border drug
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Software Tax Canada's health minister Ujjal Dosanjh is prepared to see Canada's $1-billion Internet pharmacy business suffer in his bid to regulate the industry.If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. By joining, you can stay ahead of the pack and receive the latest news in your email in-box first.
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or municipal government may require you to declare Internet purchases and pay sales tax on them directly.
Tax Help Jan 5, 2005 (AXcess News) Ottawa - Canada's health minister Ujjal Dosanjh is prepared to see Canada's $1-billion Internet pharmacy business suffer in his bid to regulate the industry in order to protect Canada's drug supply.
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Help Tax Dosanjh was in India Wednesday touring tsunami destruction but on his return expects a report from Canadian Health officials which in turn will guide his decision.
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Ernst Ernst Guide Guide Tax According to the Canadian International Pharmacy Association (CIPA) Dosanjh already made his decision and drafted regulations and amendments to the Canada Food and Drug Act. Dosanjh's office denied the CIPAs claim.The CIPA represents thirty-five online pharmacies and is prepared to fight any changes that would limit their business.
Tax Return According to CIPA executive director Dave MacKay if Dosanjh got his way over 4,000 jobs would be eliminated immediately and virtually wipe out the Internet pharmacy business.
Return Tax When President Bush met with Canadian Prime Minister Paul Martin the topic of cross-border drug sales was discussed, according to representatives of both governments.The Bush administration has opposed reimportation, saying it would put consumers at risk because U.S. regulators can't guarantee their
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Tax Preparation Ten million illegal shipments of prescription drugs entered the United States in 2003, about half from Canada.
Preparation Tax The White House has denied rumors that the Bush Administration pressured Martin into stopping the cross-border sale of drugs to the U.S., though Health Minister Dosanjh's move to stop Internet pharmacies has little support in his claim that it risks Canada's own drug supplies.
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