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Essay heading: CPR
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Issue: Book Reports
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Date added: August 31, 2008
No of pages / words: 8 / 1974
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Tax Concessions The CPR was exempt from taxes on i) Sales of land for a period of 20 years ii) Imported materials used in the original construction iii) Railway capital and property in perpetuity (This was eventually repealed) 7. The CPR was allowed to take any construction material from crown lands without payment...
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The CPR was allowed to take any construction material from crown lands without payment. Were these subsidies necessary or excessive for construction of the CPR? These subsidies were given under the assumption that they were necessary to induce private investment in the CPR but there has been considerable debate about their necessity subsequently...
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