Forest sector avoids extra duties after U.S. probe into property taxes on private timberland

New Brunswick forest companies avoided extra duties from the United States after a Commerce Department investigation into cheap property taxes on private timberland. (Shane Fowler/CBC)

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New Brunswick forest companies will not be hit with extra duties from the United States because of low property taxes charged on privately owned timberland in the province.

In a decision released last week, the U.S. Department of Commerce ruled New Brunswick assesses forest properties for taxes too low at $100 per hectare but not low enough to trigger extra duties on forest products.

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Source: CBC News

 

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