Free Trial

Senators Approve Bill to Open Next Step for Greater Tax Burden on Copper Producers

CHILE
  • Senators approved the first article in the mining royalty bill overnight, as expected. The vote approves the fresh tax ceiling in the mining royalty bill outlined earlier this week and makes for the tax burden on copper producers to be tilted higher.
  • The bill now goes to the lower house in parliament for a potential final vote. In order to attain senator approval, Marcel was prompted to make a series of concessions including moderating the tax increase in an effort to retain Chilean competitiveness for inbound investment.
  • BCCh rate decision to follow later this week, with markets expecting the bank to keep the policy rate unchanged at 11.25%. Full MNI Preview including summary of sell-side views here: https://roar-assets-auto.rbl.ms/files/52832/MNI%20...

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.