One of our units in NL is facing multitude of additiona business expenses: one a P2M fine with regulators (our fault for failing to attend to this promptly it would have been a tiny penalty) and one an 11M tax slap on supposed back taxes for failure to reclassify the property. The dp was ok, and period of repayment was 18 months but later reduced to 12 months and 11 months.
To top it all the landowner, the jv partner did not have money and was balking on paying and or us getting the payment and paying the interest.
Certainly this is not the type of environment that we need to face... We can have better business elsewhere. Killing or stepping on goose that pays the taxes?
That explains why: lesser FDI, unemployment , under employment is high, and GDP forecast is at 3.9% no longer 5 or 6%.
We are looking at at least 3 business opportunities with a B potential revenues in friendlier environmetn with better demographics and location
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