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Flaherty firm on energy trust taxes



By Upstream staff 

Canadian Finance Minister Jim Flaherty said after talks with energy executives today that he would not consider exemptions for the energy sector from a new tax on income trust earnings.

"I've met with some people involved in the income trust business, energy trusts, and I've had some telephone conversations as well, as you can imagine," Flaherty told reporters.

"We are firm and we are certain in our resolve about the directions and the steps we are taking, which I announced last Tuesday and they are not changing," he said, Reuters reported.

Jim Kinnear, chief executive of Calgary-based Pengrowth Energy Trust, met in person with Flaherty today but declined to comment on the details upon emerging from that encounter.


Tuesday, 07 November, 2006, 22:37 GMT  | last updated: Tuesday, 07 November, 2006, 22:37 GMT

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