SBD/23/Leagues Governing Bodies

CANADA MAY ASK U.S. TO CUT TAX BREAKS TO NHL TEAMS

          Canada may ask the U.S. to stop providing tax breaks
     for NHL teams "because the incentives may violate the North
     American free-trade agreement between" the U.S., Canada and
     Mexico, according to a report in the Toronto GLOBE & MAIL. 
     The purpose of the '94 NAFTA agreement was to prevent any of
     the three countries from providing unfair trade incentives.
     The Canadian federal government has hired Toronto lawyer
     Dennis Mills to examine the issue.  Mills will present his
     findings to a nine-member government subcommittee in June. 
     Vivaldo Latoche, a spokesperson for Mills, said the Canadian
     government "is serious about this now.  The American
     government is giving its teams an unfair advantage."  An NHL
     official said that NAFTA had nothing to do with "team
     movement" out of Canada.  NHL VP/Legal Affairs Bill Daly:
     "With respect to where our franchises are located, and the
     subsidies they receive, there is absolutely no impact of
     NAFTA on the NHL" (Toronto GLOBE & MAIL, 4/23).

Return to top
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug