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Originally Posted by bizaro86
I know that. My point was more directed to those who see the cut in corporate taxes as some unjustifiable handout to the oil companies. Since none are profitable, a rate of 0% wouldn't save them any money.
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Depends on the company. Doesn't seem to matter either way:
In regards to TC Energy, after the tax cut, $1.5B equity investment from the province plus a further $6B loan guarantee, made layoffs on the heels of 2020 performance doing better than 2019:
https://www.globenewswire.com/news-r...l-results.html
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CALGARY, Alberta, July 30, 2020 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced net income attributable to common shares for second quarter 2020 of $1.3 billion or $1.36 per share compared to net income of $1.1 billion or $1.21 per share for the same period in 2019. For the six months ended June 30, 2020, net income attributable to common shares was $2.4 billion or $2.59 per share compared to net income of $2.1 billion or $2.30 per share for the same period in 2019.
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