Tax expenditures, represent a tax break that government offers people and corporations in support of policy objectives. It’s forgone revenue, or money that government doesn’t collect, but could if it didn’t offer that tax break. In 2016/17, tax expenditures in B.C. accounted for over $7 billion in foregone revenue.
Shocking that almost 23 out of Canada’s 50 most dangerous communities are in British Columbia. Thank you BC Liberals, you may have enriched your friends, but you impoverished the rest of us.
Three months before the 2013 provincial election, Christy Clark’s government issued a Speech from the Throne that made a few grandiloquent asseverations. Today, the 2017 Speech from the Throne was presented to […]
People who are not profiting – or expecting to profit – from corruption in British Columbia’s political arena, should understand. We all pay. We pay dearly and inescapably. Tens of billions of dollars the Clark gang is gifting to private power producers and billions more paid and payable to foreign owned gas producers might provide for an effective court system, better public education, healthcare, small business support and other citizen priorities.
With only months until the 2017 BC election, Liberal deceivers are emerging from the lairs. Bob Mackin, the most feared journalist in BC, has a few of the details in his report […]
G20 country governments are providing $444 billion a year in subsidies for the production of fossil fuels. In Canada, at the federal level, this amounts to a minimum of $1.6 billion, mainly through tax expenditures. At the provincial level, tax breaks amount to a minimum of $979 million annually. In fact, the numbers are even larger. Fossil fuel companies recognize values gained when sympathetic politicians are there to determine financial policies so oil and gas producers spend extravagantly to sustain a synergetic relationship. In recent years, they’ve courted journalists and media companies whose financial comforts have been in decline. Many of those have turned out to be of easy virtue.
When a small but politically influential group advocates change to reduce their taxation by $2+ billion a year, they want the rest of us paying instead. With the potential reward so large, the province’s business leaders will remain persistent in demanding relief from sales taxes. Because they’ve invested millions of dollars in the BC Liberal Party, they expect success. Business benefits directly from infrastructure and services financed by taxpayers. They expect safe and orderly communities; they expect police and fire protection; they want educated workers, communication and transportation systems; and they want utilities to serve their offices, factories and warehouses. They want those things; they just want others to pay for them.
According to Statistics Canada, natural gas producers employ 1/4 of 1% of BC workers. Yet, they receives extraordinary financial assistance from government. That may result because the BC Liberal party receives extraordinary financial assistance from natural gas producers.
Since toll revenue at Port Mann has covered only 39% of operating costs, the BC Government needs to explain how it will finance existing and future shortfalls on Port Mann/Highway 1. These are growing by about $5 million a month and paying for an even more costly tunnel replacement will demand a solution. One possibility was proposed in the original Gateway Program. It contemplated: “…tolling of all bridges connecting to the Burrard Peninsula, including the Lions Gate, Ironworkers Memorial, Pitt River, Port Mann, Pattullo, Alex Fraser, Knight Street, Oak Street and Arthur Laing bridges…”
Natural gas production levels have increased (53% since 2007) yet net revenue to government from gas in the past year was negative. Instead of being paid for the right to extract this public resource, British Columbians are paying for its removal.
In 2012, Premier Christy Clark declared that coastal ferry subsidies would not grow under her government: “That is not a sustainable amount of money from taxpayers across the province. It’s just not. […]
Many people believe that BC Hydro’s current job #1 is enabling the delivery of water and cheap power to northeast gas fields and heavily subsidized energy to remote mine sites. If true, […]
After the Campbell Liberals were elected in 2001, influences of special business interests grew rapidly. Under Christina Clark’s leadership, non-renewable resource companies wield great political power and they use it to minimize […]
I am reading budget documents and will soon be writing more about the provincial government’s financial smoke and mirrors but I have initial comments. Natural Gas BC Liberals, particularly Premier Clark, are […]
There is too little public discussion of huge costs and questionable benefits of an industry that employs a tiny fraction of BC’s workers (0.4% in 2014 according to BC Stats). With land […]
Readers of an age to receive a monthly Old Age Security cheque will be thrilled to notice a 57¢ increase in January. As I mentioned on Twitter, cautious saving of that amount […]
Who knew that Christy Clark would make Gordon Campbell look like an effective, if somewhat dishonest, Premier. #bcpoli — Norm Farrell (@Norm_Farrell) December 4, 2015 //platform.twitter.com/widgets.js Did gas industry get a good […]
Postmedia is a company in trouble. It cannot sustain crippling debt to American debt holders with revenues from traditional advertising, circulation and digital paywalls. One of its responses is Postmedia Content Solutions, […]
Sources: BC Public Accounts, BC Stats, Bank of Canada Sources: BC Public Accounts, BC Stats, Bank of Canada A recent report from Statistics Canada, Exports and imports of natural gas to and […]
The price isn’t right, Corporate profit-shifting has become big business, The Economist: DURING THE TAX-EVASION trial of Leona Helmsley, a flamboyant hotelier, a former housekeeper testified that she heard her employer say: […]