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Copper Bill Could Lift Taxes To 70% Of Income, Fitch Says

CHILE
  • Fitch estimates that total taxes for a miner could exceed 70% of pre-tax income when copper prices reach values close to current levels at USD4.5 per pound. In case the bill is approved in the current form, Chile will become one of the countries with the heaviest tax burden in the world imposing an additional levy to an industry which is experiencing several challenges. (Fitch)
  • Full report - https://www.fitchratings.com/research/corporate-fi...

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