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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (10992)	11/2/2006 9:26:10 PM
From: 8bits	Respond to of 217750

<<<The rationale for not grandfathering was that existing trusts enjoyed an unfair tax advantage compared to non-trust oil companies (CNQ, SU, etc.), which enabled them to bid higher for energy properties, so, eventually, they would have been able to buy up all of Canada's energy assets.>>> IMO they could have easily added clauses to the legislation which would restrict expansion of the current trusts (IE restrictions to continue their trust status..) or at least extended the length of the time the switchover would occur. I understand why they wanted to change the rules for trusts going forward but they clearly broke a campaign promise. (See video below..) FWIW here is a video of Harper promising not to tax the trusts: youtube.com I guess Canadian politicians are as good a liars as US politicians.

To: KyrosL who wrote (10992)	11/4/2006 11:04:23 AM
From: badturd	Read Replies (2) \| Respond to of 217750

"The rationale for not grandfathering was that existing trusts enjoyed an unfair tax advantage compared to non-trust oil companies (CNQ, SU, etc.), which enabled them to bid higher for energy properties, so, eventually, they would have been able to buy up all of Canada's energy assets." Why is that a bad thing? What democratic governments fear most, is that economically illiterate voters will discover the true cost of government, and who really pays. Corporate taxation is pablum for illiterates who can't seem to understand that all corporate taxation is passed on to the consumer. The financially illiterate voter must always be baffled with bull shit, and happy stories of someone else paying their taxes.