Cirque de Soleil founder can’t recover $41M spent on his space flight as a business expense: appeal court

Article Link: https://nationalpost.com/news/cirque-de-soleil-founder-cant-write-off-41m-he-spent-on-space-flight-as-a-business-expense-court-rules

Discussion posted by: David McNamara

EDMONTON — In an “unusual and exotic” court case, Canada’s Federal Court ruled that Cirque de Soleil founder Guy Laliberté — Canada’s first space tourist — won’t be able to recover the tens of millions of dollars he spent on his 12-day trip to the International Space Station. Laliberté, the Quebec billionaire who co-founded the Quebec circus in 1984, had been trying to recover tax on the $41.8 million bill for his 2009 space odyssey, contending the expenditures for the trip were business expenses and not a personal luxury trip to outer space. “The circumstances giving rise to this appeal are unusual and exotic, but the issues that arise in the appeal are not,” wrote Federal Court Justice Mary Gleason.