Prospective NewPage owner wants to pay a sixth of its taxes
by The Canadian Press
Pacific West Commercial Corp. wants the court to nix an existing deal between Richmond County and the plant's former owner
HALIFAX—A Nova Scotia Supreme Court judge is expected to release a decision today on a tax agreement for a shuttered paper mill in Cape Breton.
The mill’s prospective buyer, Pacific West Commercial Corp., wants the court to nix an existing deal between Richmond County and the plant’s former owner, Stora Enso.
Pacific West has argued that it should pay about one-sixth of its $2.5-million municipal tax bill.
A lawyer for the county has argued that programs for children and seniors will be gutted if the request to slash municipal taxes for the mill is approved.
The mill in Point Tupper shut down last September.
Last week, the Nova Scotia government announced it would revise a funding package for the mill after the Canada Revenue Agency rejected a power rate arrangement for the operation.
Details of the new deal are expected this week.
