Search Results for keywords:"Cross-ownership"

Found 1 results
Skip to main content

Search Results: keywords:"Cross-ownership"

  • Type:Notice
    Citation:90 FR 11398
    Reading Time:about 3 minutes

    The U.S. Department of Commerce has finalized its decision in a review about the relationship between several companies involved in softwood lumber imports from Canada. The department has determined that Interfor Sales & Marketing Ltd. (ISM) is cross-owned with several other corporations, including Interfor Corporation and EACOM Timber Corporation. This means they share ownership stakes, but it does not affect the cash deposit rates for these companies. The findings were unchanged from earlier results and, since there were no objections, have been adopted as final.

    Simple Explanation

    The U.S. Department of Commerce figured out that a group of companies that sell lumber from Canada are sort of like a big family because they share ownership ties, but this doesn't change how much money they need to set aside for possible taxes.