That includes direct taxes paid by the LNG facilities as well as royalties from natural gas extraction needed to support those facilities. Those numbers also include revenues from personal income taxes from new jobs the industry creates. They do not include other potential revenues from economic activity resulting from the LNG industry.
Additional LNG tax could mean up to $260 million in revenue over 30 years
The review, conducted by the ministries of Finance and Energy, Mines and Natural Gas found that B.C.'s main competitor is Australia, which has an LNG tax and royalty regime currently up to one-third higher that this province's.
A full report on potential LNG revenues will be released with the 2013 budget.
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TAYLOR, B.C. - The Taylor Access & Inclusion Committee gave an update on the 2018 Facility Report to Taylor Council at a recent Council...