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A Game of Chicken Is Clouding Tax Debate in Top Copper Nation Read full article Valentina Fuentes and Daniela Sirtori-Cortina May 24, 2021, 2:08 PM·2 min read (Bloomberg) As a controversial copper windfall tax goes before Chile’s senate, debate is being stymied by huge differences in estimates for the impact on producers. Advisers to the bill’s left-leaning proponents say it will increase the total tax burden for companies like BHP Group to 56% at current prices. But the center-right government projects 82%, making Chile by far the most onerous major copper jurisdiction and jeopardizing billions of dollars in investments. The gap in calculations boils down to whether or not the proposed progressive tax on sales would run alongside current levies on operating profit. The bill doesn’t explicitly state that existing royalties would be removed. ....
California's governor announces his plan to help improve the Salton Sea, including a significant investment from the state. kyma.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kyma.com Daily Mail and Mail on Sunday newspapers.
New tax could have explosive impact. Image: Blasting at Radomiro Tomic Codelco Chile’s lower house approved a progressive rate on copper sales in what could become one of the heaviest tax burdens in global mining, potentially stalling investments and boosting prices. Lawmakers, who had already approved a bill to introduce a flat 3% on sales of both copper and lithium, on Thursday voted 78 to 55 to add a mechanism of marginal rates as copper prices rise, with the highest bracket set at 75%. Sign Up for the Copper Digest Sign Up In doing so, the world’s biggest copper industry now moves closer to what the local mining society describes as an “almost expropriatory” system. Its proponents, including Communist Party representative Daniel Nunez, said the new mechanism would reap $7 billion a year at a time when Chile is looking to resolve lingering inequalities. Opposed by the government, the bill now goes to senate. ....
Publishing date: May 06, 2021 • May 6, 2021 • 3 minute read • Article content (Bloomberg) Chile’s lower house approved a progressive rate on copper sales in what could become one of the heaviest tax burdens in global mining, potentially stalling investments and boosting prices. Lawmakers, who had already approved a bill to introduce a flat 3% on sales of both copper and lithium, on Thursday voted 78 to 55 to add a mechanism of marginal rates as copper prices rise, with the highest bracket set at 75%. We apologize, but this video has failed to load. Try refreshing your browser, or In Top Copper Nation Chile, a Giant Tax Hike Moves a Step Closer Back to video ....
WATCH: Intense Exchange Over Calvary Cemetery Cleanup Blows Up
SAN ANGELO, TX Last week the Calvary Cemetery in San Angelo completed its annual spring cleaning of the gravesites and grounds, but the extensive cleaning has caused consternation for many of the loved ones of those who have been laid to rest. According to multiple family members and friends, they were distressed to see personalized mementos and graveside memorials discarded in the trash. Many of the items they say were thrown away had been at gravesites for more than a decade. So many people could not find their items, said David Cedillo of family members who showed up to search the decorations thrown in the dumpsters. ....