Australian mining companies have paid little or no corporate income tax in PNG despite huge profits

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

The Pacific country’s concessionary tax system leads to ‘undertaxed’ resource sector and ‘no equity’ for people in Papua New Guinea

have reported losses on their annual reports for the past several years. Neither company could be reached for comment.‘Poor tax design’Diane Kraal, a senior lecturer at Monash University, was appointed by the PNG government to research petroleum and mining tax reform in the country in 2014.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Colonialism persists

Classic

AUSTRALIA was the former colonial occupier... supposedly on behalf of BRITAIN...

Neither has any Canadian one in Mexico

CallumDRFoote Ok Tedi EnvironmentalVandals biodiversity ExtinctionRebellion

Quelle surprise!

Koalas fault

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

It’s time to nationalize Shell. Private oil companies are no longer fit for purpose | Johanna Bozuwa and Olúfẹ́mi O. TáíwòFailing, heavily subsidized private oil companies enjoy the profits of oil extraction while the rest of us pay in tax dollars, human rights abuses, and an unlivable climate The British Empire wants to nationalize Shell? I thought the Royal Dutch Shell was ... well, Dutch
Source: The Guardian - 🏆 84. / 53 Read more »