04-07-2016, 03:54 PM
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#2201
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In the Sin Bin
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That's what Mulcair kind of tried to do. And he failed horribly by failing to appeal to anyone on any side of the spectrum.
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04-07-2016, 04:07 PM
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#2202
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Franchise Player
Join Date: Jul 2005
Location: 555 Saddledome Rise SE
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Guys, I'm trying to find that awesome website that showed a real time global map of particulates, emissions, winds, etc. that was linked earlier in this thread (or maybe one of the other oil threads). All search efforts have failed. Does anyone remember what I'm talking about?
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04-07-2016, 04:38 PM
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#2204
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Franchise Player
Join Date: Jul 2005
Location: 555 Saddledome Rise SE
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Quote:
Originally Posted by Fuzz
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Server appears to be down but I think that's the one! Thank you, sir.
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04-07-2016, 04:39 PM
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#2205
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Franchise Player
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Try again, it's working fine for me.
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04-07-2016, 05:21 PM
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#2206
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Had an idea!
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Pretty bizarre to want to completely shut down fossil fuels when there are a lot of advancements being made in burning it a lot cleaner.
Yes solar & wind are growing exponentially higher than non-renewables, but there is still a lot of room for fossil fuels. Especially if someone would make it feasible to get rid of more carbon while we burn it.
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04-07-2016, 11:52 PM
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#2207
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Norm!
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Don't know if this was posted yet.
http://www.theglobeandmail.com/repor...ticle29549542/
Quote:
apital spending in the oil and natural gas sector is projected to slump this year by $31-billion, bringing the two-year total decline to $50-billion, or a 62-per-cent plunge from 2014’s record $81-billion, according to the report. That would be the deepest slump since spending began to be tracked in 1947, the group said.
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Every day that I go into work, you can literally hear this province creaking to a halt economically.
Quote:
“Canada needs urgent action to remain an attractive market for oil and gas investment, and to be competitive relative to other oil and natural gas producing jurisdictions,” the group’s chief, Tim McMillan, said in a statement.
“The United States, our only customer and No. 1 competitor, is certainly not standing still,” he added.
“We as a country need a common effort to have a level playing field in North America, he said, calling for pipeline expansion and development of liquefied natural gas export projects.
“Connecting our resources - by all means and in all directions - to more markets is critically important to improve the prosperity of all Canadians, even with the current declines in prices and investment.”
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With the federal and provincial government that we have right now it ain't gonna happen though.
__________________
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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04-08-2016, 06:55 AM
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#2208
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First Line Centre
Join Date: Aug 2009
Location: Calgary
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Canada's it's own worst enemy. Our competitors don't need to compete with us, we're stopping ourselves.
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04-08-2016, 08:42 AM
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#2211
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Franchise Player
Join Date: Jul 2005
Location: 555 Saddledome Rise SE
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Quote:
Originally Posted by Fuzz
Try again, it's working fine for me.
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Nah, still showing it as server down!
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04-08-2016, 11:10 AM
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#2212
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Franchise Player
Join Date: Sep 2009
Location: Calgary
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A bit of a longer read, but Mr. Yager raises a few good points:
http://energynow.ca/murray-edwards-t...yager-mnp-llp/
__________________
Pylon on the Edmonton Oilers:
"I am actually more excited for the Oilers game tomorrow than the Flames game. I am praying for multiple jersey tosses. The Oilers are my new favourite team for all the wrong reasons. I hate them so much I love them."
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04-08-2016, 11:36 AM
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#2213
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Franchise Player
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Quote:
Originally Posted by Frequitude
Nah, still showing it as server down!
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Worked for me...
__________________
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04-08-2016, 11:49 AM
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#2214
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Franchise Player
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Quote:
Originally Posted by IliketoPuck
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I'm confused by the article. He seems to state that the reduction in corporate taxes drew industry to Calgary. Then he credits this starting in 1996.
Any one care to guess what the corporate tax rate was in 1996?
Hint: It wasn't 10%, In fact it was above 12%.
http://www.finance.alberta.ca/public...tes/hist1.html
this doesn't go back to 1996 but much to my surprise we have only had a corporate tax rate lower than 12% since april 1st 2003. When IOL made its decision to move to Calgary in 2004 the tax rate was 11.5%. Or about what it is now.
Its revisionist history to credit a 10% corporate tax rate as the goldilocks of tax rates and that the 20% increase somehow negates the alberta advantage. Its most significant head office acquisitions occurred when the tax rate was roughly what it is now or higher.
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04-08-2016, 12:09 PM
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#2215
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Franchise Player
Join Date: Sep 2009
Location: Calgary
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Quote:
Originally Posted by GGG
I'm confused by the article. He seems to state that the reduction in corporate taxes drew industry to Calgary. Then he credits this starting in 1996.
Any one care to guess what the corporate tax rate was in 1996?
Hint: It wasn't 10%, In fact it was above 12%.
http://www.finance.alberta.ca/public...tes/hist1.html
this doesn't go back to 1996 but much to my surprise we have only had a corporate tax rate lower than 12% since april 1st 2003. When IOL made its decision to move to Calgary in 2004 the tax rate was 11.5%. Or about what it is now.
Its revisionist history to credit a 10% corporate tax rate as the goldilocks of tax rates and that the 20% increase somehow negates the alberta advantage. Its most significant head office acquisitions occurred when the tax rate was roughly what it is now or higher.
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You are leaving out the other key piece, which is personal tax rates.
Top income earners are incentivized to work in a lower tax jurisdiction. Their decisions to relocate head offices are equally if not more determined by the personal rate they will be taxed as the prevailing corporate rate. Although both are taken into consideration, neither can be taken in isolation.
__________________
Pylon on the Edmonton Oilers:
"I am actually more excited for the Oilers game tomorrow than the Flames game. I am praying for multiple jersey tosses. The Oilers are my new favourite team for all the wrong reasons. I hate them so much I love them."
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04-08-2016, 11:28 PM
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#2216
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My face is a bum!
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Quote:
Originally Posted by CaptainCrunch
Every day that I go into work, you can literally hear this province creaking to a halt economically.
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Just a hunch, but you may want to spray some WD40 on your office chair.
This reminds me of a social teacher I used to have: "and the country literally went down the tubes"
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04-09-2016, 01:21 AM
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#2217
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Franchise Player
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Quote:
Originally Posted by IliketoPuck
You are leaving out the other key piece, which is personal tax rates.
Top income earners are incentivized to work in a lower tax jurisdiction. Their decisions to relocate head offices are equally if not more determined by the personal rate they will be taxed as the prevailing corporate rate. Although both are taken into consideration, neither can be taken in isolation.
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How many non-oil and gas related companies have moved their head offices to Calgary in the last 20 years?
I'd say head offices are located in Alberta because that is where the Oil is. They aren't going to be relocated to Ontario if that province reduces their tax rates to a few percentage points below Alberta's.
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04-09-2016, 09:24 AM
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#2218
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First Line Centre
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Canadian Pacific Railway moved their head office from Montreal to Calgary in the 90's.
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04-09-2016, 10:54 AM
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#2219
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Franchise Player
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Quote:
Originally Posted by kevman
Canadian Pacific Railway moved their head office from Montreal to Calgary in the 90's.
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Corporate tax rate over 15% in Alberta at the time.
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04-09-2016, 01:18 PM
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#2220
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Franchise Player
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Quote:
Originally Posted by Oil Stain
How many non-oil and gas related companies have moved their head offices to Calgary in the last 20 years?
I'd say head offices are located in Alberta because that is where the Oil is. They aren't going to be relocated to Ontario if that province reduces their tax rates to a few percentage points below Alberta's.
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I don't have numbers handy, but there have been lots.
Calgary is #2 in Canada for head offices, ahead of Vancouver and Montreal.
Yes, O&G is one reason. But the positive business environment, due largely to the tax advantage, is a very big reason for it as well.
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