And excluding minerals and petroleum, Canada went from a $17 billion trade surplus in 2002, to a deficit that will exceed $30 billion this year. Unfortunately, it seems, we relied on the easy money provided by record commodity prices to subsidize the erosion of our trade performance in Quebec budget banking on windfall from mining royalties The Quebec government is banking on a royalty bonanza from its natural-resources sector to help Canada's most indebted province begin its long climb out of the red. Advocate Staff Mar. 21, 2012 3:30 p.m.

Windfall profits tax: an act of criminal recklessness

In 1980 president Jimmy Carter approved the imposition of what was called the Crude Oil Windfall Profits Tax (WPT) at the same time as price control on petroleum products was removed. The regulated price received by U.S. oil producers was as low as $6 per barrel compared to $30 per barrel outside the U.S.

1 I. INTRODUCTION High prices for oil, gas and minerals have focused attention once more on the tax treatment of resource activities. Governments (and their electors) wonder if they are receiving an adequate share of currently high returns; companies wonder if

2 Schedule In exercise of the powers conferred on the Minister responsible for Mines under section 110 of Minerals and Mining Act, 2006 (Act 703), these Regulations are made this day 20th of March, 2012. Recruitment of expatriates, training of Ghanaians and

Tax-News delivers news headlines and features on international tax, law, politics, economics and trade. Following mounting speculation in the national press, the South African government has moved to quell rumours that it is introducing a new windfall tax on

i Preface The Global oil and gas tax guide summarizes the oil and gas corporate tax regimes in 84 countries and also provides a directory of EY oil and gas tax contacts. The content is based on information current to 1 January2015, unless otherwise indicated in the

canada windfall tax on minerals

canada windfall tax on minerals - benb-bennekom The windfall tax was introduced in the mining sector by then President, Levy Mwanawasa in 2008 to allow the country benefit revenue from the mineral resources of the country and was envisaged the state would realize an

The Federal Royalty and Tax Treatment of the Hardrock Mineral Industry: An Economic Analysis Since 1872, hardrock mining on federal lands has been governed by the General Mining Law, which allows virtually free access to open public domain lands for mineral prospecting, staking claims, exploration and development, and extraction 1 without payment of a royalty.

Any sudden influx of unexpected cash is defined as a windfall. If you have recently received a windfall, such as a large inheritance or lottery winnings, you may be wondering how your taxes might be affected. Types of Windfalls According to the Canada Revenue

Windfall Profits Taxes. Some countries have set up special tax instruments designed to give the government a greater share of project surpluses, through additional tax payments, when prices or profits exceed the levels necessary to attract investment.

i Preface The Global oil and gas tax guide summarizes the oil and gas corporate tax regimes in 84 countries and also provides a directory of EY oil and gas tax contacts. The content is based on information current to 1 January2015, unless otherwise indicated in the

For instance, a specific tax (rare, in practice, outside industrial minerals) on the refined product can distort decisions as to which grade of the resource to extract (because tax paid will be higher for richer ores) when, for instance, one on the crude ore does not 18

All are applied in addition to the standard flat rate royalty, namely 2.5% on coal (and common minerals) and 5% on other minerals including but not limited to zinc, copper and gold. It is unclear at which stage of the process the Surtax Royalty rates will be imposed, how the market price will be determined or how the tax will be collected.

canada windfall tax on minerals dieboldbau. canada windfall tax on minerals greenrevolutionorgin. Articles about Windfall Tax Economic Tim The mines ministry has done well to propose a windfall tax on minerals like iron ore Mining companies rake in hefty profits from rising prices of iron ore, which is available dirt cheap from

Quebec hoping for mining windfall: budget

2012/3/21QUEBEC – The Quebec government is banking on a royalty bonanza from its natural-resources sector to help Canada's most indebted province begin its long climb out of the red. In releasing its 2012-13 budget Tuesday, Quebec revealed that its path to prosperity hinges on whether it can cash in on its abundance of minerals, forests and hydroelectricity.

2015/12/1Corporate income tax Add tax on mineral Import duties Withholding tax State participation Interest Dividend Botswana • Most minerals: 3% Variable rate formula: 70–1500/Y where Y is the ratio of taxable income to gross income. 25% minimum tax. Nil Nil 15%

The Federal Royalty and Tax Treatment of the Hardrock Mineral Industry: An Economic Analysis Since 1872, hardrock mining on federal lands has been governed by the General Mining Law, which allows virtually free access to open public domain lands for mineral prospecting, staking claims, exploration and development, and extraction 1 without payment of a royalty.

Income Tax Witholding tax, non-residents Value- added tax, GST Corporate Personal Dividends Interest 1. Brunei 20 0 0 15 0 2. Singapore 17 20 0 15 7 3. Cambodia 20 20 14 14 10 4. Thailand 20 35 10 15 10 5. Vietnam 22 by 2014 20 by 2016 35 0 5 10 6. Laos 24 24 10

2008/7/26Plc has paid a total of $30 million to the Treasury in the first major payment by a foreign mining firm of a new windfall tax introduced in April, state radio said on Friday. ZNBC radio said Kansanshi, a unit of Canada's First Quantum Minerals (FM.TO:,

2011/7/12Mongolia's 2006 windfall tax on gold was not in breach of the Russia-Mongolia bilateral investment treaty, according to an April 2011 award on jurisdiction and liability. The challenge to Mongolia's 68 percent tax on gold, which was repealed this year, was one of several complaints by three Russian claimants in connection with a troubled mining operation in Mongolia.

In 1980 president Jimmy Carter approved the imposition of what was called the Crude Oil Windfall Profits Tax (WPT) at the same time as price control on petroleum products was removed. The regulated price received by U.S. oil producers was as low as $6 per barrel compared to $30 per barrel outside the U.S.

The Windfall Lake gold deposit is currently one of the highest grade resource-stage gold projects in Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1,400 metres long.