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Monday, September 24, 2007

The Dirty Little secret About the Prime West Energy Energy Trust Buyout by the Arabs

Today an Arab country bought out Prime West Energy Trust for a 30% premium. The dirty little secret is that Prime West will now become a "private" flow through entity and will not be subject to a the "Trust Tax".

This is absolutely insane and I am amazed how our media and the public are so naieve that they cannot see what hyprocisy this tax is.

Remember, the "Tax Fairness" policy was designed only to Tax publicly traded Trusts.

This is patently unfair.

Ironicly, the Canadian Minster of Finance sometimes advertises the tax fairness plan on this blog. What a Croc!

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