Calls for windfall profit taxes on oil and gas conglomerates continued to gather steam at COP27, following aThe European Commission recently endorsed the idea. Over a dozen countries have already proposed or implemented such a tax on energy companies, including the U.K., Germany and Italy.
Canada’s 10 largest oil and gas companies claimed $66.5 billion in pre-tax profit over the last year, more than double their next best one-year period over the last decade. With rising prices, oil and gas companies would reap exceptional profits even if they had maintained their average profit margin. But those too have nearly doubled.
How about those raking-in-the-profits grocery chains?
Windfall tax on majorly corporations are just going to be pushed off to the consumer in the disguise of higher consumer pricing.
Take a bus poor people
The government is also making off like bandits with additional taxes… Higher prices more gross tax
I disagree
Just stop it the banks control the govt now…… can’t make rules so that no investors will ever. One to Canada except Chinese and United Nations
So we're going full Venezuela? Seizing assets ?
Nope
PMJT & the MP for Carelton would rather bicker over the carbon tax than talk about windfall profit taxes on O&G or grocery store oligarchs. I wonder why eh? Probably b/c both the libs & cons work for the same oligarchs & bickering over the carbon tax is the perfect distraction.