tag:blogger.com,1999:blog-7141615629701321642.post3343589463929944011..comments2024-01-07T08:41:13.864-05:00Comments on C A I T I - O N L I N E: Elizabeth May asks: "Foreign Takeovers of Canadian Corporations: should we care?"Brent Fullardhttp://www.blogger.com/profile/08515599756822506137noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-7141615629701321642.post-24333943484007501382010-10-21T03:45:09.978-04:002010-10-21T03:45:09.978-04:00Indeed, businesses in Canada still surviving as of...Indeed, businesses in Canada still surviving as of the moment. Canadians would rather stay here than go to other countries and earn nothing. My wife has a small retail business and to make sure our finances are still stable, I suggested her to seek an <a href="http://www.compellingcounsel.com/preserving_wealth/estate-lawyers-ottawa.php" rel="nofollow">estate lawyer in Ottawa</a> for proper assistance and counseling with regards to our business. And it really helps.Mikehttps://www.blogger.com/profile/03116244207804714232noreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-11250270725771753342010-09-03T11:40:01.255-04:002010-09-03T11:40:01.255-04:00BHP has also said they will pull out of Canpotex. ...BHP has also said they will pull out of Canpotex. That can’t be good for Canada.<br /><br />First, the Chinese would like nothing better than to break Canpotex up. This would reduce pricing power immensely. This would have a serious effect on not only the revenues of the remaining members but the royalties the Government of Saskatchewan collects.<br /> <br />Second, Canpotex may survive with its remaining members Agrium and Mosiac but one has to understand that the production capacity marketed by Canpotex is not equal. That is, although Canpotex is owned equally by these companies the amount of throughput is not equal. Agrium’s share of the throughput is the smallest.<br /><br />See the link: http://canpqlx.sasktelwebhosting.com/company_shareholders.htm<br /><br />Canpotex has plans to build a $250million or so for a new potash terminal at Prince Rupert and about $250 million for expansion at their North Vancouver, BC terminal for a total of $500 million worth of long term investments in BC. These investments will create many good quality long term jobs as well as several years of high value construction jobs.<br /><br />http://www.cbc.ca/money/story/2008/06/25/capotex.html<br />http://www.dailycommercialnews.com/article/id28910<br />http://www.reuters.com/article/idUSN2545553420080625<br /><br />BHP has plans to build a new terminal in Vancouver, WA<br /><br />http://portland.bizjournals.com/portland/stories/2010/08/09/daily37.html<br />If BHP pulls that throughput capacity from Canpotex, will these expansion investments be needed? Not a chance when PCS is the biggest proportion of terminal throughput. Do you think that BHP will not direct all of PCS’s throughput to Vancouver, WA to lower the unit price of handling thus giving them a cost advantage over Agrium and Mosiac the remaining members of Canpotex?<br /> <br />The BHP takeover will cost Canada and in particular BC and Saskatchewan huge amounts in lost jobs, royalty and tax revenues. However the US and Australia will make out quite nicely thank you.<br /><br />Thank you Jim Flaherty for your income trust debacle. The gift of tax losses to the Canadian people that just keeps on taking.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-34803686279649605462010-09-02T13:02:46.040-04:002010-09-02T13:02:46.040-04:00What I don't see here is an understanding that...What I don't see here is an understanding that foreign corporations are now tax-free in Canada -- they can use inter-co debt to transfer Canadian income before in-house interest expense to the foreign head-office and (not) pay tax under a foreign tax code.<br /><br />In theory this could be okay if Canada had large corporations invested abroad and who are moving income back to Canada to be taxed as Canadian income but the reality is that Flaherty has buggered those rules too.<br /><br />Ya wanna blame somebody for this? Blame the NDP who like the Green know diddle about international tax treaties. As Trudeau said our MPs are nobodies -- green grocers and church ministers and the like. It was the old CCF who made it hard for Canadians to invest in their own oil industry. May God help us. The road to hell is lush with good intentions.Kid Leducnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-33647808519074226012010-09-01T21:45:23.817-04:002010-09-01T21:45:23.817-04:00So "nuanced" as to be non-existent.So "nuanced" as to be non-existent.Brent Fullardhttps://www.blogger.com/profile/08515599756822506137noreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-29317846655993323472010-09-01T21:34:00.629-04:002010-09-01T21:34:00.629-04:00@ Brent Fullard,
No, I'm quite sure that Mr. ...@ Brent Fullard,<br /><br />No, I'm quite sure that Mr. Ignatieff is aware of the issues surrounding foreign investment. I suspect that his understanding is a little more nuanced that Ms. May's rather blatant appeal to nativism.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-11492463283207576212010-09-01T20:27:41.009-04:002010-09-01T20:27:41.009-04:00Issacher mused:
"Now, if Michael Ignatieff ...Issacher mused: <br /><br />"Now, if Michael Ignatieff was saying something about foreign investment in Canada, that would be news."<br /><br />Are you saying Michael Ignatieff is oblivious to the issue of foreign takeovers and foreign takeovers are no where on his radar screen?<br /><br />That can't be good. For him or anyone else (foreigners excepted)Brent Fullardhttps://www.blogger.com/profile/08515599756822506137noreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-91784320235915595352010-09-01T19:20:20.421-04:002010-09-01T19:20:20.421-04:00And by "currently trailing", I meant &qu...And by "currently trailing", I meant "are and have always been".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-62313297900928491812010-09-01T19:19:38.283-04:002010-09-01T19:19:38.283-04:00Elizabeth May speaks, should we care?
Not really,...Elizabeth May speaks, should we care?<br /><br />Not really, no.<br /><br />The Greens are currently trailing behind the NDP, the Liberals and the Conservatives. The Greens are a non-entity politically. This isn't an issue because Ms. May talks about it anymore than it would be if the chair of political science at a medium sized university brought it up.<br /><br />Now, if Michael Ignatieff was saying something about foreign investment in Canada, that would be news.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-88905104700169748042010-09-01T13:49:02.173-04:002010-09-01T13:49:02.173-04:00Elizabeth May gets it , so why don`t the rest of t...Elizabeth May gets it , so why don`t the rest of these politicos get it??<br /><br />Making a publicly owned corp go private or selling it to offshore interests does nothing to enhance it`s economic value to Canada.<br /><br />Privatization & leveraged buy-outs kill the overall gov`t tax pools limiting the gov`t`s ability to supply social programs , infrastructure & jobs.<br /><br />Privatization & foreign controlled ownership limits options for individual investors which in turn limits the overall ability to procure decent income streams--this means less income & less tax paid.<br /><br />Killing the trust market enhanced foreign & private ownership as the cost of capital soared & the protection against takeover was dashed as these trusts were devalued.<br /><br />What a mess & everything seems to lead back to a loss of revenue to the gov`t.<br /><br />Less revenue = less social programs.<br /><br />Hmmmmmm.<br /><br />If I connect the dots .............<br /><br />Hmmmmmm.<br /><br />Dr Mike Popovich<br /><br />PS---way to go Elizabeth , nice job.Dr Mikehttps://www.blogger.com/profile/16915911929286615081noreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-35046550626585625972010-09-01T12:30:14.564-04:002010-09-01T12:30:14.564-04:00BB - Bingo!
Something I learned recently ... ho...BB - Bingo! <br /><br />Something I learned recently ... horrible but kind of funny at the same time. <br /><br />The term "Brazilliant". <br /><br />This term is used and applicable when an upper management person comes up with a very ill conceived, poorly planned and generally stupid idea that usually goes against physics, Canadian climate and quite frequently common sense in general. These ideas are often costly. <br />Workers are not permitted to disagree, even the idea or proposal is illegal. If the proposal, idea or whatever goes through and fails - workers are blamed as if they have any authority or input when making these decisions. <br /><br />The idea, proposal or whatever - especially when this failure lingers and remains highly visible is referred to as Brazilliant. <br /><br />* Please note that term does not apply to the people of Brazil - simply the corporate swine they send to Canada.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-18471351669314794892010-09-01T11:44:41.198-04:002010-09-01T11:44:41.198-04:00I would assume that a Canadian worker would work h...I would assume that a Canadian worker would work harder for a Canadian owned company than for a foreign owned company. Does that sound logical? BBAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-51670380764300521982010-09-01T10:59:53.024-04:002010-09-01T10:59:53.024-04:00Her logic is very good.
Too bad the public is s...Her logic is very good. <br /> <br />Too bad the public is so easily fooled with cheap drama like the Russian planes story being timed with Harper' northern visit to justify buying fighter planes. <br /><br />HLAnonymousnoreply@blogger.com