Canada Revenue Agency (CRA) rejected a creative tax deal struck between private power utility Nova Scotia Power and the would-be purchaser of the former NewPage Port Hawkesbury paper mill. Pacific West. Sources say a CRA rule committee determined that it would be a tax avoidance scheme if Nova Scotia Power took a 30% stake in the mill and used its prior tax losses to offset discounted electricity rates (P&PW, Aug. 17, p. 1). CRA approval of the cost-cutting agreement has all along been a condition for completion of the insolvent mill's sale to Ron Stern, whose parent company Stern Partners is behind Pacific West's CS33 million bid for the 395,000 tonnes/yr supercal-endered paper mill.
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机译：加拿大税务局（CRA）拒绝了私营电力公司Nova Scotia Power与前NewPage Port Hawkesbury造纸厂的潜在购买者之间达成的创造性税收协议。西太平洋。消息人士称，CRA规则委员会确定，如果新斯科舍电力公司（Nova Scotia Power）持有该厂30％的股份，并使用其先前的税收损失来抵消电价折扣，那将是一种避税计划（P＆PW，8月17日，第1页）。一直以来，CRA批准削减成本协议一直是该破产工厂出售给罗恩·斯特恩的条件，罗恩·斯特恩的母公司斯特恩合伙人（Stern Partners）是太平洋西公司以3,300万欧元/年竞标的39.5万吨/年超大型造纸厂的竞标背后的条件。
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