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Originally Posted by Daradon
^^^ The important word being 'could'. I'm sure there are many areas that are nowhere near their optimal tax rate and could be hiked without sacrificing any production or overall revenue.
Like the decision to increase royalty fees on oil companies here in Alberta. That's really harming the companies and the overall monies coming into the province...  |
Big difference.
Oil companies are already racking in billions in profit. The can 'live' with an increase in the royalty fee, and still make good money. Plus, the price of oil just keeps rising.