No wonder our economy is suffering in Alberta . Our oil and gas industry pays higher taxes in the province than any other industry says Jack Mintz. He also says they're taxed higher than any other jurisdiction in the world. Thanks Ed!
"CALGARY - The oil and gas industry in Alberta pays higher royalties and taxes than other parts of the country and other jurisdictions around the world, according to Jack Mintz, the head of University of Calgary’s School of Public Policy.
In a report released Wednesday, Mintz said the energy industry is effectively taxed higher than other industries in the province after factoring in the royalties. In the report, Mintz advocated harmonized royalty structures."
"The Canadian Association of Petroleum Producers' Vice President, Greg Stringham, says the study, titled "Taxing Canada's Cash Cow" makes some good points. He says investors want to see stability and predictability from the Alberta government."