Cornerstone Capital Resources Inc V.CGP

RE: What about the WFT

[Rich12]

This is what I picked up from DMM site by one of the bloggers:



The tax grab by government is not going to be too bad. In most cases, it will be approx. 50% as highlighted in the below article. I understand that all companies will not be necessarily treated the same. Only when the agreement is signed will the exact details be known..

Quote:
"The mining law stipulates, among other aspects, that only the central government is empowered to approve multinational companies’ bids for mining projects and that 50 percent of the earnings from mining projects must be handed over the government."


https://www.laht.com/article.asp?ArticleId=346853&CategoryId=14089