Why not hike potash royalties? Noting that PotashCorp made $1.8 billion in profits in 2010 but paid only $77 million in royalties, Lingenfelter said an NDP government would ensure "Saskatchewan families received the maximum benefit'' from the sale of their resources.
First of all, the $77-million figure is "disingenuous'' and Lingenfelter knows it. A closer examination of PotashCorp's 2010 financial statements indicates the corporation reported $3.4 billion in "cost of goods sold" (which includes base royalties) and $642.8 million in income taxes (which include provincial corporate income taxes).
Monday, February 28, 2011
NDP's new direction would hurt province
NDP's new direction would hurt province
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