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Peru to target miners’ ‘excess profits’ in tax reforms

Posted by ipso facto @ 10:16 on April 4, 2022  

Peru will target the “excess profits” that mining companies have earned from rising metal prices around the world, Economy and Finance Minister Oscar Graham told Reuters in an interview late Friday.

The world’s second-largest copper supplier will focus on surplus profits, potentially through an “adjustment” to taxes, Graham said, as the metal trades at near-record levels of around $10,000 per ton following Russia’s invasion of Ukraine.

more https://www.mining.com/web/peru-to-target-miners-excess-profits-in-tax-reforms/

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.