Article 36482 Revealed: oil giants pay billions less tax in Canada than abroad

Revealed: oil giants pay billions less tax in Canada than abroad

by
Martin Lukacs
from Environment | The Guardian on (#36482)

Data shows companies made much higher payments to developing countries in 2016 than to Canadian, provincial governments

Canada taxes its oil and gas companies at a fraction of the rate they are taxed abroad, including by countries ranked among the world's most corrupt, according to an analysis of public data by the Guardian.

The low rate that oil companies pay in Canada represents billions of dollars in potential revenue lost, which an industry expert who looked at the data says is a worrying sign that the country may be "a kind of tax haven for our own companies."

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/environment/rss
Feed Title Environment | The Guardian
Feed Link https://www.theguardian.com/us/environment
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments