U.S. to kill tax break scheme

Article Abstract:

A set of U.S. tax incentives that harm Canadian corporations may be repealed to bring the U.S. into compliance with recent World Trade Organization rulings. The tax law, which benefits U.S. exporters, would impact about $3.5 billion in unpaid annual taxes on U.S. exports.

Public Finance Activities, Corporate Taxes-Savings Incentives, World Trade Organization, Tax policy, Tax incentives

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Income tax cuts urged to offset Katrina's effect on big provinces

Article Abstract:

Economists from National Bank Financial asked the Canadian government to lessen income taxes, so that Hurricane Katrina's impact on big provinces will be minimized. Ontario and Quebec are predicted to be main sufferers.

Quebec, Venture Analysis, Interpretation and construction, Taxation, Economic aspects, Business enterprises, Income tax, Hurricane Katrina, 2005

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Petrocan, Ultramar kill proposed joint venture

Article Abstract:

Petro-Canada of Calgary, Alberta, has agreed with Ultramar Diamond Shamrock Corp. of San Antonio, TX, to postpone their US-Canada joint venture since the federal Competition Bureau will not sanction that transaction. The bureau had previously indicated that it was concerned regarding concentration-of-ownership issues between the two firms. Ultramar CEO Roger Hemminghaus and Petrocan chief executive officer Jim Stanford stressed that any investigation by the bureau would have cost too much, taken a long time to conduct, and produced an unpredictable outcome.

Comment:

Has agreed with Petro-Canada Inc. to postpone their US-Canada joint venture

Canada, Crude Petroleum and Natural Gas Extraction, Petroleum, Petroleum and Coal Products Manufacturing, Crude Petroleum & Natural Gas, Parent-to-subsidiary activities, Petroleum industry, Natural gas, Gas industry, Ultramar Diamond Shamrock Corp., Petro-Canada Inc., Article

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