How Trans Mountain Pipeline Delivers Max Profits to U.S. Investors By Avoiding Paying Canadian Taxes

Kinder Morgan Trans Mountain rally on Burnaby Mountain

Kinder Morgan, the Texas-based multinational that owns and operates the Trans Mountain Pipeline System, claims Trans Mountain is a significant contributor to federal and provincial income tax revenues. The company is relying on this as proof it deserves public licence to triple its pipeline capacity in Western Canada.

Pouring tax revenues into Canada is not the story Kinder Morgan tells its U.S.-based shareholders. Promoting Trans Mountain south of the border, Kinder Morgan boasts of tax refunds — two in the past five years. From 2009 to 2013, Trans Mountain’s combined federal and provincial Canadian corporate tax contribution averaged just (Read more…)