Quote:
Originally Posted by Nehkara
Doesn't that just make sense? It protects the oil industry during difficult times and allows the province to get value for its resources when oil prices are high.
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It does make sense, but that's not how it plays out in the real world. When you keep messing around with rates, Alberta won't be seen as stable and that's the main issue here. Companies want to invest where market conditions are stable so forecasts and budgets can be relied on.
With a "royalty review" Alberta is saying nothing is stable. Add on a higher corporate tax rate and this provice is in for a world of hurt.
I honestly fear for the economic future of our province if the NDP get voted in.