Cross-border shopping in mining?

"It is generally acknowledged that Canadian and foreign-based mining companies are spending relatively fewer dollars in Canada and more dollars abroad than was the case not many years ago. It is common to see the Canadian tax system being fingered as one of the causes in this shift in direction. However, if one takes the time to peel away the surface of our tax system, and to probe a little deeper into its substance, it will be found that the Canadian taxation of mining is generally quite competitive. IntroductionCross-border shopping in the mining industry? - Absolutely! Economics 100 teaches that dollars are votes in the capitalist system, and mining companies are going to cast their limited number of votes where they can achieve the highest return at the least risk. The Canadian consumer knows that taxes are a major factor in cross-border shopping, and mining company executives know that the same tenet holds true in their industry. Unfortunately, mining operations are subject to such a bewildering array of tax rules that making an intelligent decision is not always an easy matter.Statutory Tax RatesConsider, for example, the ""statutory"" tax rates shown in Table 1. (Statutory tax rate in this table refers to the simple sum of federal and provincial tax rates on profits as specified in the tax legislation.) Looking only at the total statutory tax rates (such as 66070 for Manitoba) , one might quickly observe that the Canadian mining industry is subject to a truly onerous tax regime, especially as compared to the United States where statutory tax rates can be in the 34% range."