Taxes Aren’t the Real Problem With Congo Mining

There’s a strange thing about the fear going through the global mining industry after the Democratic Republic of Congo signed an order to lift royalties last week: Compared with most other countries, these levies are still relatively low.

The existing 2 percent rate on copper extraction compares with royalties five times that level in Chile and Peru, the two biggest producers.

A Royal Sum

Congo’s copper mining royalties will still be some of the lowest in the world, even after an increase

Source: PwC, news reports

Note: Some countries have ranges for tax rates — the upper limit has been chosen.

Even at the new 3.5 percent rate proposed by the country’s national assembly, charges will still be lower than those paid in Australia and the U.S., according to a

... read more at: https://www.bloomberg.com/gadfly/articles/2018-03-12/taxes-aren-t-the-real-problem-with-congo-mining

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