Insights on Incentives: Tax competition in mining
Resource-rich countries compete to attract mining investment but run the risk of offering poorly designed tax incentives.
The use of poorly designed tax holidays in mining leads countries to forgo vital revenues in exchange for unknown benefits—revenues which are needed to fund public services and infrastructure.
This paper highlights key findings from an analysis of the IGF Mining Tax Incentives Database, a collection of files comparing the fiscal regimes of 104 mining projects across 21 countries.
The database is the first large-scale, systematic attempt to compile tax incentives used by developing country governments to attract mining investment. It is also the first public effort to bring together incentives granted in mining contracts.
This is made possible through greater contract transparency—in particular, the availability of resource contracts compiled by the Natural Resource Governance Institute (NRGI), Columbia Center on Sustainable Investment (CCSI), the World Bank and Open Oil.
You might also be interested in
IGF Guidance for Governments: Environmental management and mining governance
This document highlights the key issues, benchmarks, and standards in four main areas of environmental management in mining.
Global Digital Tax Reforms and Mining: The issue of timing differences
This report looks at how the OECD-led global digital tax reforms, specifically timing differences, could affect mining countries.
2020 IGF Annual Report
This report highlights the IGF Secretariat's significant activities, deliverables, and achievements in 2020.
IGF-WIMOWA Workshop: Gender and mining governance in West Africa
This report covers how IGF developed and delivered a tailored workshop on gender and mining governance for stakeholders in 13 West African nations.