Quote:
Originally Posted by PepsiFree
Weird, I thought the NRTA did that 100 years ago. The province is going to do a paper transaction to take over ownership of the resources it already owns I guess. That does seem like a very Smith thing to do.
Or did you mean they would do a paper transaction to take over federal jurisdiction of exports regardless of who owns it? Because that’s not how that works.
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I assume it means that Alberta will "buy" the oil just prior to it crossing the border into the US.
The feds can no longer tax it at that point, because there is no longer an entity to tax. That at least sounds like the theory.