Thank you, Mr. Speaker. Mr. Speaker, we are unaware of what would have caused them to decide to file in the Northwest Territories, besides having a main part of their office and their infrastructure in the Northwest Territories. A company can't remove all of its earnings and pay it in another jurisdiction. There is still a portion of that they would have to pay here depending on the size of the company, where their other office locations are and the size of their earnings in other jurisdictions as well. Those one-time earnings were good in one sense and bad in another, because that has allowed the situation of overpayment to happen to us on the corporate tax side. As to what caused them to file in the Northwest Territories, we don't have that information. 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.
Further 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 32
See context to find out what was said next.