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Governments know a proven painless income strategy "Tax What Don`t Move." Today mining, could real estate be next?
Peter Koven, Financial Post · Thursday, Aug. 12, 2010
For mining companies, there seems to be almost no place left to hide.
With commodity prices remaining stubbornly high, host governments around the world keep looking for ways to shake down the industry for cash, even in places that are traditionally pro-mining. The result is an ever-more uncertain environment.
This is a key take-away from the Fraser Institute`s mid-year update of its mining company survey, which was released yesterday. Miners judged that attitudes toward the industry have gotten worse in 41 of the 51 jurisdictions surveyed since the last update in April.
The report ranks the jurisdictions based on how attractive they are for mining, and with many pro-mining countries either raising taxes or trying to, it feels like last man standing at the top of the rankings.
CLICK HERE for the full article.
Peter Koven, Financial Post · Thursday, Aug. 12, 2010
For mining companies, there seems to be almost no place left to hide.
With commodity prices remaining stubbornly high, host governments around the world keep looking for ways to shake down the industry for cash, even in places that are traditionally pro-mining. The result is an ever-more uncertain environment.
This is a key take-away from the Fraser Institute`s mid-year update of its mining company survey, which was released yesterday. Miners judged that attitudes toward the industry have gotten worse in 41 of the 51 jurisdictions surveyed since the last update in April.
The report ranks the jurisdictions based on how attractive they are for mining, and with many pro-mining countries either raising taxes or trying to, it feels like last man standing at the top of the rankings.
CLICK HERE for the full article.