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Originally Posted by Ozy_Flame
The royalty rates were introduced because the oil companies were unfairly making more wealth than was being provided back to the people of Alberta.
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We had years of Klein ignoring that he could have introduced incremental increases. When it was discovered by the auditor general, they came up with the "Fair Share" review; which by it's very nature set up the industry to receive a raw deal.
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Of course they're going to complain about it, but I would say the concerns of all Alberta residents are more important than lesser profit margins shareholders will make.
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Then you should understand that the less business they conduct in AB, the less benefit the residents will receive. Increasing the slice of the pie doesn't make an difference if you have shrunk the size of the pie.
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BTW, you're losing me on the City of Calgary argument. If we can't meet our bottom line (which, by the way, is the minimum amount needed to cover costs, not a minimum profit margin), then we need to increase the tax rate. That's exactly what's happening in Calgary today. Too much growth too fast, and now we're playing catch-up.
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I was refering to individual taxpayers' bottom line. Not the city's.