Monday, August 27, 2012

Port Hawkesbury Future Depends on Tax Ruling

http://thechronicleherald.ca/business/129305-taylor-tax-ruling-will-determine-mills-future
To most Nova Scotians, it may seem like the revival of the former NewPage Port Hawkesbury paper mill at the Strait of Canso is all but a fait accompli.
A federal tax ruling is all that stands in the way of restarting the mill, which has been on “hot idle” for nearly a year.
But the Canada Revenue Agency tax decision now appears to be a large obstacle in the way of completing the deal.