Mining Tax

Ghana plans to reintroduce a mining windfall tax

The Budget and Economic Policy Statement of 2013 reiterates the willingness of the government to implement a windfall tax on mining profits. The windfall profit tax was introduced in the Budget and Economic Policy Statement of 2012 and was debated, … Continue reading

Leave a Comment

Filed under Ghana, Mining, Mining Tax

Reporting by extractive companies on government payments: EU Directive published in the official journal and us court suspends SEC rule

There have been developments in the US and the EU in relation to the implementation of requirements for reporting by extractive industries on government payments. The new EU Directive (Directive 2013/34/EU) requiring the disclosure, on a project by project basis, … Continue reading

Leave a Comment

Filed under EU Directive, European Union, Mining, Mining Tax, SEC

2013 Budget – Changes affecting the mining sector

The Federal Government’s 2013-2014 Budget (the Budget) contains a number of changes to existing tax rules some of which are expected to have adverse implications on the mining sector. Changes to accelerated tax depreciation arrangements The Federal Government announced immediate … Continue reading

Leave a Comment

Filed under federal budget 2013, Mining, Mining Infrastructure, Mining Tax, Queensland, Queensland budget, Tax