Canada and taxation. People who want more taxation are so blind.
Case in (related) point. Earlier this year the Canadian government fiddled with tax laws to get more money out of Canadian Energy Trusts. Energy Trusts work like this: You give them money and they use it to build a portfolio of oil and and gas producing sites. Since its a trust, the profits have to be doled out as dividends. The Canadian Energy trusts are/were doing quite well.
Canadian politicians thought they could play with increasing the taxes against the dividends, so they did, they raised the dividend tax. Instantly the stock valuation of each Canadian Energy trust went down by 50%, because investors pulled out money since they were going to get taxed at a higher rate.
The key here is that the Canadian Energy trusts were now worth 50% of their previous value, but they were producing as much oil and gas as ever. So deep-pocketed Arabic interests are now buying up Canadian Energy trusts! Canadian oil interests are now owned (potentially) by those who promote terrorism and compete with the west.
Way to go guys! That's the way to look out for people: raise taxes!
Ahhh United Arab Emerites. That makes sense. I heard lots of oil companies are going there to avoid taxes. Can't say I blame them, but they will have a hard time explaining it to people who believe that global warming is a very real problem. This move will only prove their point.
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Canada and taxation. People who want more taxation are so blind.
Case in (related) point. Earlier this year the Canadian government fiddled with tax laws to get more money out of Canadian Energy Trusts. Energy Trusts work like this: You give them money and they use it to build a portfolio of oil and and gas producing sites. Since its a trust, the profits have to be doled out as dividends. The Canadian Energy trusts are/were doing quite well.
Canadian politicians thought they could play with increasing the taxes against the dividends, so they did, they raised the dividend tax. Instantly the stock valuation of each Canadian Energy trust went down by 50%, because investors pulled out money since they were going to get taxed at a higher rate.
The key here is that the Canadian Energy trusts were now worth 50% of their previous value, but they were producing as much oil and gas as ever. So deep-pocketed Arabic interests are now buying up Canadian Energy trusts! Canadian oil interests are now owned (potentially) by those who promote terrorism and compete with the west.
Way to go guys! That's the way to look out for people: raise taxes!
Do you know which Arabs exactly? Individuals, royal families, companies... What?
More here
Notice the the Canadian company being bought also has oil production within the US.
Ahhh United Arab Emerites. That makes sense. I heard lots of oil companies are going there to avoid taxes. Can't say I blame them, but they will have a hard time explaining it to people who believe that global warming is a very real problem. This move will only prove their point.
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