VICTORIA - The B-C govenrment is using today's budget to reveal long-awaited details about how it plans to tax the liquified natural gas.
Clark's finance minister,
De Jong says the government will use a complex, two-tier tax structure, starting at 1.5 per cent and eventually increasing to as much as seven per cent.
De Jong says the proposed system is competitive and predictable, while ensuring B-C gets its fair share of the L-N-G industry.
Still, he says those rates could still change before legislation is introduced in the fall.
The three-year fiscal plan doesn't actually include any revenues from L-N-G.
However, it does set aside
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