Precision Drilling CEO: Hit U.S. investorsCanadian trust sector loses C$20 billion in value, government mulls tax reforms; Canada-U.S. treaty limits trust tax rate By Gary Park Petroleum News Canadian Contributing Writer
Amid a C$20 billion bloodletting in the market value of Canada’s income trust sector over the past month, while the Canadian government mulls potential tax reforms, the chief of Precision Drilling says the simplest answer is to put a tighter squeeze on U.S. investors.
Hank Swartout, chairman, presi....
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Treaty limit is 15% Critics: consultation a 'sham,' sector 'rattled'
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