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)

Industry News

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.


Source: CBC News


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