Quote:
Originally Posted by Flames in 07
ya I get it, but don't compare it to your business. For you to properly compare it to your business you don't just simple reduce your tax rate. You slap on another tax regime on top of the existing tax regime than then tweak one of the two tax regimes.
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That may be true - but the oil companies are the largest private sector players in Alberta. They reap huge profits, employee thousands of people making huge amounts of money, and the only reason why the royalties are coming into question again is because we are in recessive times, of which we all know is part-and-parcel of a boom-bust economy - it's only a matter of time before oil is back up to $140 / bbl.
And with the whole two-layer tax issue, you seem to be implying that the oil companies are in serious jeopardy with this system. I'd like to see how badly it's affecting their revenue, let alone profitability.