beefsteak
9th August 2012, 04:34 PM
JES writes today, 8.9.2012
Elliot,
There is no increase in TZ. The tax level is 30% and has always been 30%.
My question to you is what is wrong with paying 30% income tax when what you are mining minerals that belongs to the country in which you are operating and regardless of how producing companies feel, not to the mining company.
Colonialism in the mining company’s mind and their shareholders is over even if they do not yet know it.
If miners would pay the tax rates, usually lower than general commerce with no fancy book keeping to zero their profits at mine head, there would never be any problem.
How about pre-empting problems by sharing at the beginning?
The industry makes 100% of what they call problems. I share 45% on my largest project and am very happy to do it.
Jim
===========================
30% Income tax off top, 15% Govt Ownership off Top.
Yes, indeed, just what IS wrong with that question of yours, JES?
beefsteak
Elliot,
There is no increase in TZ. The tax level is 30% and has always been 30%.
My question to you is what is wrong with paying 30% income tax when what you are mining minerals that belongs to the country in which you are operating and regardless of how producing companies feel, not to the mining company.
Colonialism in the mining company’s mind and their shareholders is over even if they do not yet know it.
If miners would pay the tax rates, usually lower than general commerce with no fancy book keeping to zero their profits at mine head, there would never be any problem.
How about pre-empting problems by sharing at the beginning?
The industry makes 100% of what they call problems. I share 45% on my largest project and am very happy to do it.
Jim
===========================
30% Income tax off top, 15% Govt Ownership off Top.
Yes, indeed, just what IS wrong with that question of yours, JES?
beefsteak