Eric Cline’s Squandered: Canada’s Potash Legacy: About that royalty review … Part 2
Cline notes that the industry was not making huge profits at the time, and the government agreed to a capital cost allowance of $1.20 for every dollar of capital investment. “Perhaps it was overly generous, and I don’t claim everything I was responsible for in government was perfect. One thing I can claim is that it seemed to work,” he writes.
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed