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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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 …
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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No not rhetorical. Serious question. Yes some companies avoiding but perception overblown. Mining revenue also depends on fiscal design, costs of different mines Eg see Zambia https://resourcegovernance.org/sites/default/files/documents/ninth-time-lucky.pdf …
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Just reading "Beyond big numbers". Are you aware that Oxfam and other CSOs do way more work in countries to change tax policies, advocate for ending incentives, property taxes, broadening of tax base, accountability of power holders etc? Anti-MNC-dodging only one element
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Yes. Reference work of Oxfam Novib for example https://maketaxfair.net
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In the other tweets I did not talk about you. I talked about the communication by IFU based on your blog
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This may take place but I think you'd be hard pressed to find it in the materials published in the UK, although maybe not so in rest of EU. My impression of public facing material is mono causal, with things like CBCR, https://youtu.be/aCnf46boC3I
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