Thursday, October 26, 2017

How "Canada's" Oil Companies Get Away With Paying Less

Oil giants pay billions less tax in Canada than abroad

by News UBC


October 26, 2017

The Guardian interviewed Philippe Le Billon, a UBC geography professor, after it was revealed that Canadian oil companies made much higher tax payments to developing countries in 2016 than to Canadian, provincial and municipal governments.

“Companies in Canada will point to the jobs they are creating rather than acknowledge they could be sharing more of their profits, which mostly goes to shareholders who are not even in the country,” he said.

The story also appeared on Yahoo U.K.

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