Thank you, Mr. Speaker. Mr. Speaker, we have looked at a number of options and potential impacts, and that is one of the areas of potential lost revenue, is that large companies that have the ability to file in another jurisdiction would do so. At the same time, previously we did have a 14 percent corporate tax rate and felt that going back to the amount it was, hopefully wouldn't drive out people to invest in other jurisdictions. That is one of the areas we did look at but, as the Member stated, we have to address the issue of our rebasing the tax effort. If we don't do that then we will lose significantly more revenue even though it seems like we do make some, because we'll have a dollar plus taken off of our transfer payment from Canada if we don't change it. Thank you.
Floyd Roland on Question 11-15(3): Corporate Income Tax Rate
In the Legislative Assembly on March 17th, 2004. See this statement in context.
Return To Question 11-15(3): Corporate Income Tax Rate
Question 11-15(3): Corporate Income Tax Rate
Item 7: Oral Questions
March 16th, 2004
Page 31
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