Unpaid oil patch taxes rise again despite energy industry boom, say rural municipalities

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

Group says towns and villages in which oil companies operate owe a total of $268-million

Rural Municipalities of Alberta says the total of unpaid taxes from the oil patch keeps rising despite the industry’s boom.

In a release, the group says energy companies owe towns and villages in which they operate a total of $268 million.Paul McLauchlin, president of the group, says $53 million was left unpaid last year and $38 million the year before. McLauchlin says the problem is occurring at a time of record profits in the industry and he notes that nearly half the unpaid taxes are due from operating companies.

He says much of the remainder comes from companies so marginal the Alberta Energy Regulator is afraid to crack down on them and force them to close without cleaning up their wells.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Why pay taxes when the government just gives them away

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines