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Politics : Canadian Political Free-for-All -- Ignore unavailable to you. Want to Upgrade?

To: GerPol who wrote (82)	10/31/2000 1:28:12 AM
From: Gulo	Read Replies (1) \| Respond to of 37138

>Capitalized expenditures ! Just what do you find distasteful about capitalized expenditures? Can you give an example? Are you saying we should force companies to invest only in projects that have a payback of less than one calendar year? I'd really be interested in an answer to this. I remember once when the NDP pointed a finger at Highland Explorations (or something like that) for 'earning' 20 or 30 million dollars one year without paying tax. I couldn't help but wonder why they didn't look at it more closely. The company invested tens of millions in its exploration projects but didn't realize the return until the property was sold. Was the NDP suggesting that the company was actually profitable, just because it earned, say 30 million, after losing 50 million? They need some new accountants. -g

To: GerPol who wrote (82)	10/31/2000 10:49:41 AM
From: SofaSpud	Read Replies (2) \| Respond to of 37138

"Deferred taxes" is the accounting term used to quantify the discrepancy between depreciation according to GAAP (Generally Accepted Accounting Principles) and the income tax CCA (Capital Cost Allowance) rates. It's a fudge factor to make the books balance. I've always wondered why opposition politicians make such a big deal over "deferred taxes". It couldn't be that people think that it's an actual amount somehow owing?