Post by
mingzhu on Jan 31, 2018 10:09pm
10% royalty for cobalt with 50% super tax
if net profit is 20% out of $100 revenue, it has to pay $10 royalty + $10 super tax = 100% go to the Congo state. It must be absurd.
Comment by
tresspaser on Feb 01, 2018 7:23am
Not quite that bad. If net profits are $20 and most of that is super profits (likely) then you lose 50% of say $14, or $7. That leaves $6, and thou pay 10% of that... .60 cents. So instead of $20 profit, you get $7 + $5 40 profit, or $13.40.