Feb 4, 2014 – News Today

Don Cayo: Tax credits for mineral exploration are hefty, but appear to pay off

Conventional “tax credits” are special breaks that go to some companies or individuals, but not to others in more-or-less similar circumstances, and they’re included in the World Trade Organization’s definition of subsidy. In B.C., the term has been debased by government and industry spinmeisters who twist it to denote blatant handouts; specifically, cheques in the mail for foreign film-makers who have no real investment and little or no tax liability in the province. Read More