'Egregious': Inside legal fights over a Canadian EV battery plant getting $15B in tax breaks | CBC
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Multiple contractors allege they haven’t been paid for millions of dollars worth of work
Inside the legal fights over a Canadian EV battery plant getting $15B in tax breaks | CBC News
Multiple Canadian contractors that have helped build a sprawling, taxpayer-supported electric vehicle battery plant in southwestern Ontario allege they haven't been paid for millions of dollars worth of work, court records show.
CBC (www.cbc.ca)
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Multiple contractors allege they haven’t been paid for millions of dollars worth of work
Inside the legal fights over a Canadian EV battery plant getting $15B in tax breaks | CBC News
Multiple Canadian contractors that have helped build a sprawling, taxpayer-supported electric vehicle battery plant in southwestern Ontario allege they haven't been paid for millions of dollars worth of work, court records show.
CBC (www.cbc.ca)
Money that could have been used to build transit instead of clogging up the streets with more cars…
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Money that could have been used to build transit instead of clogging up the streets with more cars…
If you decided to go active transportation instead:
$15Bn would make 150,000km of should bike lanes (enough to cross Canada 19 times) or 15,000km of multi-use path (cross Canada twice).
Or you could build 625 lane km’s of road. (So 312.5km of two lane, or 156km of 4 lane)
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If you decided to go active transportation instead:
$15Bn would make 150,000km of should bike lanes (enough to cross Canada 19 times) or 15,000km of multi-use path (cross Canada twice).
Or you could build 625 lane km’s of road. (So 312.5km of two lane, or 156km of 4 lane)
That’s not how tax breaks work. The government isn’t giving money away, it’s just pledging to not collect money in the future. I don’t know the specifics of this deal, and $15B seems like a lot compared to the scope of this project, but it’s likely that if they didn’t offer tax breaks at all, this would have been built in Mexico or USA instead. There was probably a number in between 15B and zero that would have still brought them to Canada though.
Presumably the government accountants who made this deal expect this project to bring in significantly more then $15B in taxes over a decade or so of operation.
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That’s not how tax breaks work. The government isn’t giving money away, it’s just pledging to not collect money in the future. I don’t know the specifics of this deal, and $15B seems like a lot compared to the scope of this project, but it’s likely that if they didn’t offer tax breaks at all, this would have been built in Mexico or USA instead. There was probably a number in between 15B and zero that would have still brought them to Canada though.
Presumably the government accountants who made this deal expect this project to bring in significantly more then $15B in taxes over a decade or so of operation.
Presumably, when we build infrastructure, we are doing so because moving people and goods will provide an ROI.
In practice we rarely quantify the ROI, and the whole process is very unscientific.
