POTASH DEAL HALT PROMPTED BY SHORT TERM TAX REVENUE THREAT, CLAIMS REPORT
November 1st, 2010
BY MJ DESCHAMPS
WHILE the failed takeover bid for Saskatchewan's Potash Corporation by BHP Billiton would have provided many long-term benefits to the Canadian province, a senior think tank in the country has this week suggested the federal government blocked the deal over concerns over short-term tax revenue losses.
A Conference Board of Canada Report, commissioned by the Saskatchewan government (which vigorously and successfully opposed the deal) actually concluded a BHP Billiton takeover would have been good news in the long term: "In the case of BHP, ...
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