Resumen de Do mining taxes threaten investment?

Emma Hughes, Nilima. Choudhury

• The government's National Development Vision estimates that the contribution of mining to GDP will reach 10% by 2025. Official figures show that during 1997-2012, mining companies paid a total of $1.4bn to the government in terms of royalties, statutory taxes and other contributions.

  According to a US Geological Survey (USGS) report published in 2011, mining companies have cited Morocco's long mining history, well-developed infrastructure, low sovereign risk, low mining taxation rate of 17.5%, and mining royalty of 3% as attributes that have encouraged them to invest in the sector.

  Liberia's industrial mineral resources included dolerite, granite, ilmenite, kyanite, phosphate rock, rutile, and sulphur. Its royalty rate is set at between 3 and 10% which, according to its Extractive Industries Transparency Initiative covering the period from 1 July 2009, to 30 June 2010, brought in revenues of $69.7m in taxes, royalties, and other administrative fees.