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Industry committee Yes, and we're not against regulation. We are against rigid, myopic regulation. We're for innovative regulation. Also, we don't particularly like regulation that doesn't take into account our performance, which is unfortunately what your government did, and regulation that doesn'
October 31st, 2006Committee meeting
Richard Paton
Industry committee I'm almost done. I'll conclude by saying that CCA has two major benefits. An accelerated CCA would result in significant investments by our industry, which would improve competitiveness and offset the impact of energy costs, the high dollar, and relentless competition from the F
October 31st, 2006Committee meeting
Richard Paton
Industry committee Thank you very much, Mr. Chairman. I have David Podruzny with me, who is vice-president of business and economics. He was just going to observe this meeting, but since I see you have so many good questions I'm going to need some help here to adequately respond. Thank you very
October 31st, 2006Committee meeting
Richard Paton
Finance committee Sure. One of the principles in the last budget was that we need to be competitive with the United States. I would start with that principle. The last budget announced a reduction in the corporate tax rate to 19% over a number of years, which we see as a positive move, plus the c
September 26th, 2006Committee meeting
Richard Paton
Finance committee Thank you, Mr. Chairman. I'll try to answer that quickly. I'm not quite sure that the statement in paragraph 7 is exactly what you say it's saying. I think what is important is that when you look at the tax system, you find that the federal government reduces a tax--fantastic--an
September 26th, 2006Committee meeting
Richard Paton
Finance committee No, I don't. We haven't costed it out, and I guess nobody else has. But if you're referring to the statement, “The government’s recently announced intentions to develop fiscal arrangements with the provinces to increase transparency and accountability are welcome”, yes, we totall
September 26th, 2006Committee meeting
Richard Paton
Finance committee I'll give you a very straight number. The productivity of Canadian chemical industries is 30% better than those in the United States. We've done studies on that; we've worked with Industry Canada. That's a number we can verify. We're a very small part of the global market, abou
September 26th, 2006Committee meeting
Richard Paton
Finance committee Thank you very much, Mr. Chairman. I thank the committee for the opportunity to share with you some of the challenges facing our $26 billion chemical industry, which is a significant part of the overall manufacturing sector in Canada, and to make a few suggestions for the upcomi
September 26th, 2006Committee meeting
Richard Paton