The town of Terrace Bay and the AV Birla Group are now at peace. They've come to a negotiated settlement on tax payments. Mayor Jody Davis says the deal is prefered to appealing a government tax assessment on the company's mill property which could have cost the town much more. Davis says under the deal the company will pay just over 15 million dollars a year in taxes from 2013 until 2016.
Friday, January 31, 2014
Mill Settlement Reached In Terrace Bay
The town of Terrace Bay and the AV Birla Group are now at peace. They've come to a negotiated settlement on tax payments. Mayor Jody Davis says the deal is prefered to appealing a government tax assessment on the company's mill property which could have cost the town much more. Davis says under the deal the company will pay just over 15 million dollars a year in taxes from 2013 until 2016.
