Thank you, Mr. Speaker. I think that's an important question. I would like to elaborate on that by saying we're prepared to table not only tax regimes that are in Canada but tax regimes in the rest of the world, whether it's Chile, Australia or Brazil. These mining companies, and we're very sympathetic to them, are international in their focus in terms of where they get the best return for investment. I would suggest to you again that the current tax regime we have here is simply inadequate. We have to ensure that it's competitive so that the mining industry can move forward in its development and get a reasonable return for its investment for their shareholders. But, surely to goodness, all northerners have to equally get a return on investment, for taking these valuable resources out of our country. Thank you.
John Todd on Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
In the Legislative Assembly on April 10th, 1995. See this statement in context.
Return To Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Question 447-12(7): Comparisons Of Royalty Regimes In Other Jurisdictions
Item 6: Oral Questions
April 9th, 1995
Page 923
John Todd Keewatin Central
See context to find out what was said next.