Tuesday 18 December 2018
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allafrica - 1 month ago

Africa: Why Mining Is Hard to Tax

[AfricaFocus] In Africa as elsewhere in the world, while energy companies might be somewhat undertaxed, mining companies typically are greatly under-taxed. Indeed, it is only a slight exaggeration to say that, with a few significant exceptions, notably Botswana s diamond mines, mining in Africa is barely taxed at all. One reliable source indicates that contemporary African governments collect about 55% of the total value of energy production in tax revenue, but only 3% of the value of mining production. - Taxing Afric

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