MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: BOJ Tankan: Key Sentiment Rises, Solid Capex Plans

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI: UK DEC GFK CONSUMER CONFIDENCE INDEX -17

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Itaú on the Mining Royalty Bill’s Progress Through Congress

CHILE
  • After several weeks of gridlock, the Ministry of Finance finally made some progress in the approval of the Mining Royalty bill in the Finance Committee of the Senate. Members unanimously approved the first article of the bill, which establishes the existence of the royalty tax and unifies the tax treatment to one self-contained bill (currently in separate laws). Moreover, they eliminated the reference to lithium in the bill’s original title.
  • However, voting on the maximum tax to be paid by large mining firms was postponed to the next session, presumably after the May 7 election.
  • The MoF has lowered the proposed maximum tax rate from 48% to 45.5%, still above peers according to the mining guild. Finally, the MoF estimates that the proposed royalty tax would raise revenue by 0.47% of GDP when fully phased in estimated after 2026.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.