Zambia Billions... Zambian Revenue Authority have sent First Quantum an $8 billion tax bill https://www.reuters.com/article/us-zambia-tax/zambia-slaps-miner-first-quantum-with-8-billion-tax-bill-idUSKBN1GW2FD … For context: thats about 10x FQM spend on capex & opex at Kinsanshi mine last year & more than the whole government budget
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"can be" :-) Point is that the Zambia and Tanzania proposals are as ridicolous as the non-payment of many extractives
Lars. How do you judge when a 0 corporate tax payment by a mine is 'ridiculous' and when it is a normal result of the economics of mining? Maya (not Mary)https://twitter.com/MForstater/status/981080808051085312 …
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Lars this is a real question. Perhaps you could answer as I answered all your questions? I prefer people to talk to me than about me.
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Took ur Q as rhetoric. It is ridiculous when mining companies across Africa hardly pay any CIT while prices Skyrocketed until 2012. For individual mines it is hard to assess without full transparency. Don't you think some mines do aggressive tax planning?
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