Newspaper article The Canadian Press

Saskatchewan NDP Opposition Says It's Time for Potash Royalties Review

Newspaper article The Canadian Press

Saskatchewan NDP Opposition Says It's Time for Potash Royalties Review

Article excerpt

Opposition calling for potash royalties review

--

REGINA - The NDP Opposition in Saskatchewan says it's time to review how potash royalties are structured.

Leader Ryan Meili says the government needs to recognize the value of potash to the province and the thousands of jobs the industry creates.

He points to a recently published report on the province's tax regime that said the effective tax rates on potash profits have averaged 6.9 per cent since 2009 compared with 9.5 in the early 2000s.

Meili says that equals about 40 million to 100 million dollars a year in lost revenue.

NDP finance critic Trent Wotherspoon says the Saskatchewan Party government needs to take stock to ensure the strength and stability of the potash industry for years to come. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.