Pipes lead to a processing unit at Suncor Fort Hills facility in Fort McMurray Alta., on Sept. 10, 2018. Proponents of imposing a windfall tax on the Canadian oil and gas industry now have another global power setting precedent for the policy.
Progressives in the United States have also campaigned for a windfall tax on oil and gas companies amid rising inflation. Senior economist David Macdonald of the Canadian Centre for Policy Alternatives recently looked at just how much gross domestic product is accounted for by corporate profits. His analysis found that after-tax corporate profits reached a historically high percentage of the total Canadian economy output in the second quarter of this year.
"We are going to continue to push on these things," Blaikie said. "And I think the announcement about the GST rebate is cause for some optimism that even when the government gets it wrong out of the gate that we can make them change course." "Targeting energy sector, to me, it's somewhat odd, unless there is a desperate need for extra funding for the government," he said.
How can you look at a poll from 2021 and surmise that it applies to oil companies making excess profits when they had one of the roughest years ever in 2020? Can you try to twist stuff around more to suit your narrative?
The cost will be passed onto consumers. The advocates advocating for Trudeau to get more hard-earned money into tax revenue for his spending spree.
Seems how the rise in inflation is due to their profiteering, it's only logical.
Trickle down effect. Tax the oil producers more, they will charge more. Simple as that. Not good for the economy but tremendous if you need votes😤👎
Because the EU are renowned for there wisdom in making such great oil and gas energy decisions. Dopes.
The tax needs to be removed.
Nee Brunswick
Redirect to OAS recipients also
The EU is going to have a historic energy crisis this winter
Who needed inspiration? Tax all the pandemic profiteers.
Absolute nonsense. What a bunch of ecodouche ‘s ClimateScam
Yet 2 years ago when oil prices went negative, where was the support? cdnpoli
Taxation is theft
SAME TO THE PM OF CANADA
And when the NDP achieve total financial control of the means of supply, distribution and production, our socialist utopia will have arrived!
You mean European countries like Norway that has threatened jail time if people shower too long or Poland which can't heat its homes or Germany that is so screwed in the winter, it's expected many elderly will die? They listened to shrieking Greta. Bad idea.
Yes good idea.. not
Translation: Lets make life even harder for the poorest people. GFY
These people are cultists who offer nothing other than destruction.
Yes let's follow the EU on Energy policy, amazing journalism TrudeaMustGo
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: fpinvesting - 🏆 43. / 63 Read more »