Unpaid taxes from oil and gas companies have more than doubled to
The amount of unpaid property taxes that oil and gas companies owe Alberta rural municipalities has more than doubled over the coque huawei mate 10 pro avec anneaux last year, a trend coque iphone 5c mme raleuse some are calling a tax revolt.
Rural Municipalities Alberta said Monday that a survey of its coque iphone 8 anti poussiere members shows that they coque iphone 5c poil are owed a total of $173 million a 114 per cent increase since a similar survey was done last spring.
require property taxes to provide the infrastructure and services that industry relies on to access coque iphone 5c la vie en rose natural resources, association president Al Kemmere said in a release.
Alberta coque iphone 4 double sim property tax coque iphone 6 tattoo system is not amended to prevent oil and gas companies from refusing to pay property taxes, many rural municipalities will struggle to remain viable. Ponoka rad coque iphone 5c County, south of Edmonton, Reeve Paul McLauchlin estimates his municipality is owed about $2.6 million out of a total municipal budget of $27 million.
Ponoka now has a budget a budget for money owed by failed companies unlikely to ever be paid. The county never had such a budget until recently, McLauchlin said.
creates operational constraints, our ability to provide community services. We have non profits asking for assistance. We say more and more. says the way taxes are assessed is driving companies out of business. Properties are assessed by the provincial government, which evaluates them on replacement coque huawei y6 pro 2017 avec stylet cost and not on market value, said Ben Brunnen, vice president of the Canadian Association of Petroleum Producers.
defend the need for the province to take a look at how assessment works and have it reflective of the market, he said.
lot of these unpaid coque iphone 6 sillicone noir taxes are coming in jurisdictions where you got assets that are older and not as productive or economic. The choice for these types of assets is to shut (them) in or find a way to reduce costs. shut in wells often end up abandoned and unreclaimed after a bankruptcy, said Brunnen, who suggested some municipalities are going to have to coque silicone huawei pro 2017 accept less oil and gas revenue.
The Alberta Court of Appeal ruled last year that municipalities are unsecured creditors, which puts them at the back coque iphone 5c heineken of coque iphone x stitch the line for tax debt collection after a bankruptcy.
The Alberta Court of Appeal ruled last year that municipalities are unsecured creditors in the case of a bankruptcy, which puts them at the back of the line for tax debt collection on infrastructure such as pipelines.
property taxes are now voluntary, suggested Regan Boychuk, a researcher with the Alberta Liabilities Disclosure Project, which works to understand the impact coque huawei p30 pro deux cotes of old energy infrastructure.
Some of the unpaid taxes are assessed to companies that remain in operation.
McLauchlin, an oilpatch consultant, said about 40 per cent of unpaid taxes pantone coque iphone se are from severely distressed companies in an industry hard and widely hit by lower resource prices. The rest of the shortfall is from companies that continue to operate but don pay.
tax revolt personal opinion is that this is a tax revolt, McLauchlin said. are using this as a lever to decrease their assessment and change those costs. of that has already occurred. Last year, Alberta United micromania coque iphone Conservative government implemented legislation allowing municipalities to cut taxes on certain coque iphone 4 chocolat milka kinds of wells by up to about one third.
The province initially reimbursed municipalities for the cuts. But the municipalities say that program has ended and they been left to absorb the loss.
What industry is really saying is that they depleted their wells so far they can cover operating costs. coque iphone 7 oeil Regan Boychuk, Alberta Liabilities Disclosure Project
Boychuk said mill coque iphone uniq rates on wells and other facilities haven changed in years. Oil and gas reserves, however, have declined.
industry is really saying is that they depleted their wells so far they can cover operating costs. The wells are done and whatever wealth remains needs to be directed to cleanup rather than looted any further coque iphone 5s moon eyes before bankruptcy. number of wells under care of the coque huawei mate 10 pro stilgut Orphan Well Association, an industry funded group that cleans up abandoned wells, stands at 3,400 an increase of 300 since last January.
McLauchlin said industry is important to his county and council is happy to try to work out payment plans. Honouring those debts is one of the coque de telephone huawei mate 20 pro two things in life that is supposed to be unavoidable, he said.
got to pay your taxes. Municipal Affairs Minister Kaycee Madu said in a statement to CBC News that his government recognizes the impact this issue is having on rural communities.
are working to identify potential tools that may help balance the interests of municipalities with coque iphone 5 r2d2 the economic realities facing many employers since the 2014 15 coque iphone 5s warhammer downturn, he said…