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09-17-2015, 10:15 PM
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Gone Hunting
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Join Date: Feb 2009
Location: Lougheed,Ab.
Posts: 12,736
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Revenue at $87.00 per barrel?, sounds like somebody is losing $40,00 per barrel....
80% public owned?, I guess they are counting shareholders in the Oil companies??
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The future ain't what it used to be - Yogi Berra
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09-17-2015, 11:48 PM
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Join Date: Dec 2007
Location: Central Alberta
Posts: 1,796
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Quote:
Originally Posted by hal53
Revenue at $87.00 per barrel?, sounds like somebody is losing $40,00 per barrel....
80% public owned?, I guess they are counting shareholders in the Oil companies??
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Oil prices averaged over $100.00/bbl till near the end of 2014.
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09-18-2015, 05:25 AM
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Gone Hunting
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Join Date: Feb 2009
Location: Lougheed,Ab.
Posts: 12,736
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Quote:
Originally Posted by Don Andersen
Oil prices averaged over $100.00/bbl till near the end of 2014.
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?
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The future ain't what it used to be - Yogi Berra
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09-18-2015, 06:48 AM
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Join Date: Aug 2009
Location: Lloydminster AB/SK
Posts: 1,348
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I suppose Canada's bottom line would look better if we increased the sales tax to 25% across the country.
Norway Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 27.00 27.00 50.80 27.00 percent [+]
Personal Income Tax Rate 39.00 40.00 47.50 39.00 percent [+]
Sales Tax Rate 25.00 25.00 25.00 25.00 percent [+]
Social Security Rate 22.30 21.20 24.50 4.40 percent [+]
Social Security Rate For Companies 14.10 13.00 16.70 12.80 percent [+]
Social Security Rate For Employees 8.20 8.20 8.20 4.40 percent [+
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09-18-2015, 06:53 AM
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Gone Hunting
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Join Date: Feb 2009
Location: Lougheed,Ab.
Posts: 12,736
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Quote:
Originally Posted by benamen
I suppose Canada's bottom line would look better if we increased the sales tax to 25% across the country.
Norway Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 27.00 27.00 50.80 27.00 percent [+]
Personal Income Tax Rate 39.00 40.00 47.50 39.00 percent [+]
Sales Tax Rate 25.00 25.00 25.00 25.00 percent [+]
Social Security Rate 22.30 21.20 24.50 4.40 percent [+]
Social Security Rate For Companies 14.10 13.00 16.70 12.80 percent [+]
Social Security Rate For Employees 8.20 8.20 8.20 4.40 percent [+
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Gee...I wonder how he missed this while doing his "in depth" study?? I'm sure he wouldn't have cherry picked any numbers to promote his position....
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The future ain't what it used to be - Yogi Berra
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09-18-2015, 07:24 AM
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Join Date: Oct 2009
Posts: 1,573
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The big difference is Norway doesn't have provincial tax, when you combine both, we already pay more tax than they do. People who keep comparing Norway with alberta forget or choose to ignore that Norway is country of 5 million while alberta is a province and has to share a large portion of oil money with the rest of the country, of 37 million. This comparison will be acceptable the day that all our money will stay in this province, and not wasted for east coast well fare.
Quote:
Originally Posted by benamen
I suppose Canada's bottom line would look better if we increased the sales tax to 25% across the country.
Norway Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 27.00 27.00 50.80 27.00 percent [+]
Personal Income Tax Rate 39.00 40.00 47.50 39.00 percent [+]
Sales Tax Rate 25.00 25.00 25.00 25.00 percent [+]
Social Security Rate 22.30 21.20 24.50 4.40 percent [+]
Social Security Rate For Companies 14.10 13.00 16.70 12.80 percent [+]
Social Security Rate For Employees 8.20 8.20 8.20 4.40 percent [+
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09-18-2015, 08:18 AM
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Join Date: Jan 2010
Location: Edmonton
Posts: 6,470
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Compare the Heritage trust fund to the Alaska fund that was created the same year. If certain PC leaders had not pillaged the fund, Alberta would be sitting in a very good position to pay a dividend to all Albertans every year and also ride out this oil slow down easy peasy. We would be comparable to Norway. The PC's didn't have any good leaders in the 90's till now and bought there way into power in the early 90's till 2014 We are now paying for it dearly now. There was really only one good conservitave that Alberta ever had, Peter L. ! All else have failed Albertans.
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Kim
Gonna get me a 16" perch.
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09-18-2015, 08:45 AM
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Join Date: Dec 2009
Posts: 1,309
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Same energy production for 1/6 the population and 1/30th the land mass. No wonder they're socking away the cash! Fewer freeloaders and far, far less infrastructure. Think Alberta with a million more people and you have Norway.
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09-18-2015, 08:45 AM
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Join Date: Aug 2009
Location: Lloydminster AB/SK
Posts: 1,348
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Quote:
Originally Posted by st99
The big difference is Norway doesn't have provincial tax, when you combine both, we already pay more tax than they do. People who keep comparing Norway with alberta forget or choose to ignore that Norway is country of 5 million while alberta is a province and has to share a large portion of oil money with the rest of the country, of 37 million. This comparison will be acceptable the day that all our money will stay in this province, and not wasted for east coast well fare.
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1) Comparison was between Norway and Canada
2) The marginal tax rate on personal income for Norway and Alberta are the same at 39% (Alberta 10% Federal 29%)
3) Alberta sales tax is the 5% GST where Norway is 25%
Not sure how you figure Albertans pay more taxes.
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09-18-2015, 12:50 PM
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Join Date: Dec 2007
Location: Red Deer
Posts: 4,998
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Quote:
Originally Posted by propliner
Same energy production for 1/6 the population and 1/30th the land mass. No wonder they're socking away the cash! Fewer freeloaders and far, far less infrastructure. Think Alberta with a million more people and you have Norway.
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The infrastructure difference in km of pipeline is 12,000 in Norway vs 100,000 in Alberta. Let's not forget the direct access to multiple thirsty markets given their proximity to the rest of Europe and the presence of several deep water ports they have due to an already established shipping industry and the lack of interference from other governments that keeps Alberta from easily getting our product to market.
The Norway comparison is flawed on many levels, but that won't stop some from trotting it out ad nauseam
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09-18-2015, 06:14 PM
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Join Date: Dec 2007
Location: Central Alberta
Posts: 1,796
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09-18-2015, 09:55 PM
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Banned
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Join Date: Feb 2015
Location: In the Orchard or Punta Sal Peru
Posts: 1,022
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Agree with Benamen for sure. But on the other hand Alta did not stick with the program 30 years ago like Norway did. They copied our philosophy back then. I have been in the oil industry over 35 years and really feel the royalties management and invasion of foreign companies for short term gain has been really a big let down for all Albertans. You would think by now there would have at least been a high speed train between the two cities even for the people that are marginal at a minor cost if it does not make a profit. Alberta has been pretty well raped.
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09-18-2015, 10:21 PM
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Banned
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Join Date: May 2007
Posts: 17,790
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left wing talking point that has been debunked a million times.
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09-18-2015, 10:47 PM
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Banned
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Join Date: Feb 2015
Location: In the Orchard or Punta Sal Peru
Posts: 1,022
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Nothing to do with left wing when clearly it has been a FAILURE.
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