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.
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Unpaid oil patch taxes rise again despite energy industry boom, say rural municipalitiesGroup says towns and villages in which oil companies operate owe a total of $268-million Why pay taxes when the government just gives them away
Source: globeandmail - 🏆 5. / 92 Read more »
Unpaid oilpatch taxes rise again despite industry boom, say rural municipalities | Globalnews.caThe group says energy companies owe towns and villages in which they operate a total of $268 million, up more than six per cent from last year. Now actually do your job and track down how much is bankrupt companies and how much isn’t. Then name the companies that are solvent and have not paid. Kenney gave them a deferred tax holiday( in UCP code, don’t worry oil and gas gets an indefinite pass) meanwhile smaller municipalities are going broke. How is this a thing? What kind of provincial government lets business still operate without paying ALL their taxes?
Source: GlobalCalgary - 🏆 50. / 61 Read more »