Scotland is beginning to sound a lot like Alberta: The booming oil price is fuelling an accoun­tancy recruitment crisis in Aberdeen as other firms struggle to match the salaries being paid by the cash-rich energy companies. Multi­na­tionals such as BP, Shell and Schlum­berger are taking advantage of the near-record price of a barrel to pay […]

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Exxon Mobil announced recently the highest annual profits by a US corpo­ration in history. Reaction was predictable — the US Congress was littered with outraged politi­cians calling for a windfall profits tax. But that would be wrong, and the Tax Foundation can explain why much better than I: While they were recording record profits last year, […]

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