OZL 0.00% $26.44 oz minerals limited

drilling results....good or bad, page-16

  1. 1,656 Posts.
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    There's probably 50 years in this the largest industrial economic boom - and it has the ability to transform countries. It is transforming them as we speak (take Australia for example, wiping out a massive budget deficit in the next three years). No nation in their right mind will stand by and watch its resources being sold for record profits, at times thousands of percentage points higher within several years, and not adjust their taxation and workplace laws to follow suit. If they don't, their public will demand it as they have in the past.

    Canada does have less tax at this stage, but it is not the tax haven people have been led to believe. It's tax laws are anything but straight forward, its systems vary significantly between provinces, and they heavily tax outside of profits (property, pay-roll, fees). Canada will not watch Australia hike their resource tax with little political damage and not follow suit (IMO).

 
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