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From the Huffington Post: "Cameco is a multi-billion Canadian company that mines Canadian uranium, uses Canadian-developed technology, and relies on Canadian transportation system. Cameco employees use the Canadian education system, the Canadian health system, and they rely on the stability and legal protection that a Canadian democracy provides. Former Canadian Deputy Prime Minister, Anne McLellan sits on the board of directors. Funny thing, though; like many transnational companies, Cameco has decided that it is good business practice to park its profits offshore -- to the notorious tax haven of Zug, a city in Switzerland. Cameco pays the good people of Zug a ten per cent corporate tax rate for their trouble -- instead of a Canadian corporate rate of 27 per cent. Mind you, Cameco doesn't really have any operations to speak in that city. So it is easy money for Zug."
One of the largest companies in Saskatchewan is in the midst of a multi-million dollar tax court battle with Canada Revenue Agency (CRA).
Cameco has publicly estimated that it could end up owing $800-850 million in Canadian corporate taxes for the years 2008 to 2012, if it loses the case.
Saskatchewan may have missed out on $300 million in corporate tax.
August 28th marked the 50th anniversary of the March on Washington, when 250,000 people gathered to hear Martin Luther King Jr. give his historic “I have a dream” speech. This event was a turning point in the long struggle for civil rights for Afro-Americans who grew up in the aftermath of slavery. And it marked a turning point in politics both in Canada and abroad.