HomeMagazine2016March 2016, Vol. 243, No. 3Alberta's Taxes Precipitate Fall from Grace Within Oil Industry Circles

March 2016, Vol. 243, No. 3

Features

Alberta's Taxes Precipitate Fall from Grace Within Oil Industry Circles

“Who will stand up for Alberta’s persecuted billionaire community?” the headline of a popular political blog site sarcastically blared after the story broke last month about how wealthy Calgary entrepreneur N. Murray Edwards had apparently relocated his residence to London for tax reasons. The article opened with the sentence, “A billionaire is moving from Calgary and we should all be worried, the newspapers tell us.” Obviously, some don’t think this is a problem. The story broke in the Calgary Herald on March 24 after publicly traded Magellan Aerospace Corp., a company controlled by Edwards, disclosed in its annual year-end filings its chairman resided in London, United Kingdom,

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