QUEBEC — Media magnate and politician Pierre Karl Péladeau said there is no conflict of interest in his adopting the same position as his company on reductions to a Quebec government tax credit.
The Parti Québécois member of the legislature said he didn’t gain any personal benefit by criticizing a Liberal decision to reduce tax credits for film and television production.
His position is similar to that of Quebecor Inc. (TSX:QBR.B), the conglomerate he controls.
Péladeau told reporters in Quebec City today he’ll leave it to the province’s ethics commissioner to decide if he’s in a conflict of interest.
He said his opinion on a 20 per cent reduction in a tax credit merely reflects the consensus in the province’s media industry.
Quebecor is one of several companies that benefit from the credit.
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