Oh, so we don't get any royalties? At all? Huh, who knew. Besides, employees get paid, usually very well, and believe me they pay taxes - big time. So what planet are YOU on?? Geesh. Seriously?
Well DUH! If they too have bad forest management the answer is yes!! Silly boy....
I didn't say we get 'zero' what I said is the bulk of the profits from the price of a barrel of oil goes to the business rather than Government coffers.
https://www.theguardian.com/environ...s-pay-billions-less-tax-in-canada-than-abroad
Revealed: oil giants pay billions less tax in Canada than abroad
Data shows companies made much higher payments to developing countries in 2016 than to Canadian, provincial governments
Canada taxes its oil and gas companies at a fraction of the rate they are taxed abroad, including by countries ranked among the world’s most corrupt, according to an analysis of public data by the Guardian.
The low rate that oil companies pay in Canada represents billions of dollars in potential revenue lost, which an industry expert who looked at the data says is a worrying sign that the country may be “a kind of tax haven for our own companies.”
The countries where oil companies paid higher rates of taxes, royalties and fees per barrel in 2016 include Nigeria, Indonesia, Ivory Coast and the UK.
“I think it will come as a surprise to most Canadians, including a lot of politicians, that Canada is giving oil companies a cut-rate deal relative to other countries,” said Keith Stewart, an energy analyst with Greenpeace.
Oil company payments to governments in Canada and abroad
Payment per barrel in Canadian dollars, 2016
Chevron Canada
Canada 4
Nigeria 12
Indonesia 30
Suncor Energy Inc.
Canada 2
UK 14
CNRL
Canada 3
Ivory Coast 12
Even with the low rates, the Canadian Association of Petroleum Producers has been
lobbying the federal government for more tax breaks to improve their “competitiveness.”
The Guardian used a new
extractive sector database launched in June, 2017, after a law passed by Stephen Harper required oil, gas, and mining companies in Canada to disclose for the first time payments they make to governments around the world. The Guardian compared payment figures for 2016 to oil production levels.
https://www.cbc.ca/news/business/alberta-royalty-oilpatch-oilsands-1.3905075
As the calendar flipped to 2017, Alberta's oilpatch will begin paying the government under a new royalty system that took five months and cost $3 million to review — but basically looks
the same as it did before.
The NDP had vowed before their election victory to make sure oil companies would pay more to taxpayers for pulling the resource out of the ground. After the review, however, the government admitted it changed its stance.
It is not the time to reach out and make a big money grab- Alberta Premier Rachel Notley
With growing unemployment and the oilpatch bleeding red ink during the downturn, Premier Rachel Notley conceded to reporters, "it is not the time to reach out and make a big money grab, because that is just not going to help Albertans."
The review panel found existing royalty rates charged in Alberta were
comparable to other jurisdictions. In 2017, oilsands rates will not change and the new royalty structure for oil, liquids and natural gas will only apply to new wells, while old wells stay under the existing system for 10 years.
The Yellowstone Wildfires were not cause by global warming, Dear. They went ballistic because forest fires had been suppressed for decades.
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