Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.

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Baytex Energy Corp > Buyback taxes

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Comment by Moemoney42on Nov 03, 2022 10:40am

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Post# 35069586

RE:RE:RE:Buyback taxes

Sounds to me like its being considered at the Lieberal top idiots offices.. this freakin gov't has to get replaced... and fast, before we're all in the poor house..!!

Maxmoe wrote: Dead giveaway this "story" is BS spread via internet,Facebook,conspiracy theory farright nutbar sights. The giveaway? The button asking for a donation. A legitimate tax expert doesn't beg for money. That's what interest groups of all types do. The more I read, the more angry I got that somebody would pretend to know what they are talking about and present extreme opinions (to be generous, BS to be fair). There will not be taxation of buybacks. It's the stupidest counter democratic western world capitalist idea I've heard in a long time. Return of capital is not return on capital to put it simply. It's as clever as taxing debt repayments because all those bond holders are rich people and pension funds don't pay tax on interest either. money is way smarter than tax collectors. There are plenty of ways to disembowel any attempt to punish companies that use buybacks. For starters, the companies will be so flush with cash they could start doing really stupid things instead of returning excess capital to shareholders. They could invest in bit coin, or space exploration ventures to mars or Uranus. Or more likely they'll just buy each other up in a massive feeding frenzy. They won't drill unless oil is much higher and taxing oil companies won't increase drilling. I could go on, but I'm spent for now. After reading the other absolute twaddle on this bored board I'm going to get every shot I can tomorrow so I'll outlive the idiots. Flu,Covid,pneumonia,shingles (don't care), polio, small pox, hpv,hepatitis a,b to z,tetanus, and what the heck diphtheria. I'm good for measles,mumps,rubella and chicken pox.

Chrisinvan7 wrote: Meh, the US implemented a similar tax effective Jan 1 '23 at a rate of 1%, Canada would likely match the rate as setting it higher will risk corp HQs re-domiciling in more friendly jurisdictions. I'd prefer not let the camels nose under the tent in the first place, but any new tax of this kind will just result in increased dividends.

https://www.taxpolicycenter.org/taxvox/1-buyback-tax-could-lead-higher-dividend-payouts