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Uploaded on Tuesday 11 Mar 2014 by GRID-Arendal

Fiscal Progressivity

Year: 2014
From collection: Deep Sea Minerals Volume 2
Author: GRID-Arendal
This figure shows the contribution of three different fiscal elements to the fiscal burden on a mining project: corporate income tax, additional profits tax, and royalty. The burden is measured in terms of state take (y-axis) at progressively higher levels of project profitability on a pre-tax basis (x-axis). Whereas the combination of royalty (at 5 per cent) and income tax (at 35 per cent) results in a state take of close to 40 per cent, the additional profits tax is triggered in stages to achieve a higher level of state take as project profitability increases. (APT – additional profits tax; CIT - corporate income tax; IRR – internal rate of return).
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Gross domestic product from mining in Papua New Guinea
Potential Extended Continental Shelf in the Paci
Payment scheme
Refined metal consumption and metal consumption intensity
Deep sea mining life cycle
Key governance principles for sustainability
Maritime sovereignty
Gross domestic product: annual percentage change of emerging and advanced economies