21st May 2010. Appears to be great angst from the mining community and a degree of misreporting about a proposed new tax impost on mining production. What is not told is that although miners pay the increased tax in the production phase, they get that same rate as a tax benefit in the exploration stage. Our proposed tax rate is in the 40 % range, in Norway, a very robust economy with a massive sovereign fund, it is in the 70% range and has been for some time.
‘Never cancel a subscription due to misreporting – if you do you will soon have nothing to read’
Keep it coming! By the way in Norway, try buying a hamburger for under $10. They need to tax in that range.