Wednesday, September 19, 2007

Alberta Royality Report is in!

I’m not one to say “I told you so!” but it is worth while to note the Royalty report has taken the absolute minimum amount of increase that would be reasonable. This would have the resource companies still paying much below any one in this world. Any technical differences have been paid for on startup by the Alberta Taxpayer.

It is reported to me that Ed Stelmach is taking council from the Fraser Institute on how to best avoid a resolve in the royalties. The idea has been put forward to do away with the 10 % tax credit on dividends paid by the oil sector in Alberta. This, they have counseled will allow him to tell Albertan’s he has met the Royalty Report half way.
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