Free Trial

President Boric Says Will Present New Amendments To Royalty Bill

CHILE
  • TODAY WE'LL PRESENT NEW AMENDMENTS TO CHILE ROYALTY BILL: PRESIDENT BORIC (BBG)
  • Recall that last week, Finance Minister Mario Marcel told legislators that the government will amend a mining royalty bill to cap the maximum effective tax rate at 47% of operating profit from 48%, Diario Financiero reported. For companies producing less than 80,000 tons, the maximum tax burden will be 45.5%.
  • The government were expected to introduce the changes to the bill to be discussed at the Senate’s finance committee on Tuesday.

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.