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Originally Posted by Red
Our corporate taxes are competitive....the old 10% tax would not stop companies from withdrawing investments in O&G. I believe that the super low oil prices is the culprit, not a tax increase. And besides, who left and where did they go?
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Again, the industry is already on it's knees and we already have very high production costs. Now you are adding in tax increases, royalty uncertaintly, higher wage costs, carbon taxes and a government that is not friendly at all to our major industry. Add into that ministers who have no clue how business works and senior party members from the federal party out East that are philosophically opposed oil development and pipelines.
Now, keeping all of that in mind, you have 20Bil to invest into the industry, do you do it here or in Saskatchewan? or in the US?
Quote:
Originally Posted by Red
It's not like oil is everywhere....
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Are you serious?