Tuesday 16 October 2018
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25 days ago

Mining exec: New tax bill will kill the sector

The Philippines stands to lose existing and potential investments in the mining sector if a new fiscal regime in the second package of the government s banner tax program pushes through, according to an executive from the mining industry. Both the departments of Finance and Environment and Natural Resources supported the imposition of a 5-percent royalty payment on all mining operations, to be included in the Tax Reform for Attracting Better and High-quality Opportunities (Trabaho) bill. Royalties a

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