Mining taxation : reconciling the interests of government and industry

This book examines existing mineral fiscal policies covering income taxation, royalties, free carried and participative (community and government) interests and also highlights the impacts of these policies on the feasibility of mineral projects as well as on revenue and other benefits to the State. While publications already exist on the subject matter, they have invariably approached the topic primarily from a Government standpoint rather than the mining industry. This book aims to provide a balance in this debate by comparing the financial outcomes gained or foregone by both Government and industry under different policy regimes. The discussions are supported by quantitative examples to more clearly articulate the potential outcomes and better inform future fiscal policy decisions. Front Matter ....Pages i-xx Introduction: Context, Objective and Outline of this Book (Eric Lilford, Pietro Guj)....Pages 1-8 Mining Taxation Principles and Objectives (Eric Lilford, Pietro Guj)....Pages 9-27 Components of a Mining Taxation Package (Eric Lilford, Pietro Guj)....Pages 29-41 Different Types of Mineral Royalties (Eric Lilford, Pietro Guj)....Pages 43-69 Corporate Income Tax Provisions and Fiscal Incentives Specific to Mining (Eric Lilford, Pietro Guj)....Pages 71-100 Quantitative Financial Analysis of Impacts of Mineral Royalties on Project Economics and Resources Sterilisation: A Case Study (Eric Lilford, Pietro Guj)....Pages 101-113 Government Participation and Domestic Equity Requirements (Eric Lilford, Pietro Guj)....Pages 115-142 Stabilisation Agreements (Eric Lilford, Pietro Guj)....Pages 143-152 Administering and Complying Fiscal Regimes in a Globalised Mining Industry (Eric Lilford, Pietro Guj)....Pages 153-172 Discussion and Ideas (Eric Lilford, Pietro Guj)....Pages 173-188 Ideas About the Way Forward (Eric Lilford, Pietro Guj)....Pages 189-205 Back Matter ....Pages 207-232