Sunday, April 23, 2017

Mining 50, Canada mining taxation

This is from Natural Resources Canada. They seem to have a rational and non tax-hungry policy in mining there, lots of allowable deductions, they recognize the capital-intensiveness of mining with huge investments, machines and vehicles needed. Data as of January 2017.
$7.1 billion a year in mining taxes, that's big. On top of revenues by mining firms, job creation, community projects, etc.
The Philippines, which is supposed to be a mining powerhouse with an estimated mineral potential value of around US$ 1 trillion, is not able to optimize its mining potentials because of its generally unfriendly regulations and taxation policies.

The politics of envy and heavy ecologism is wrong.

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