Quote:
Originally Posted by Cowboy89
Now that would all depend on where on the Laffer curve you believe Alberta to be on. On royalties, without a doubt there would be more to gain from reverting back to the old rates. In land sales alone they would make more revenue (Which is really why I thought they were off their rocker back then, it indicated to me that the finance department really did not understand their revenue stream). On personal and corporate taxes it would be really hard to say.
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I really don't care about personal taxes. Corporate taxes could be lowered a tad bit, but the big money is in the oil sands, and the oil companies are being screwed over by the stupid royalty rates, and as a result, Alberta is losing money.
Then again, this is the government we're talking about....and despite our outrage, we're not exactly 'loosing' money here. We'll still have billions lying around in the Heritage Fund after 2009. Even after 2010, 2011, and 2012 at this rate.