Peru to Have Mining Tax Plan Within Two Weeks, Gestion Reports
By John Quigley -
2011-08-11T14:28:40Z
Peru will complete new windfall mining tax regulations within two weeks, Gestion reported, citing comments by Finance Minister Miguel Castilla.
The government has discussed its plan with mining companies and formal negotiations will probably begin Aug. 15, Castilla said in an interview with the Lima-based newspaper.
The tax on operating profits will be similar to Chile’s and will maximize government revenue without affecting companies’ competitiveness, Gestion said citing Castilla.
To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net
To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net
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