| Submit your comments on this article |
| Africa Subsaharan |
| DRC demands 40% of gross revenue from mining operators |
| 2017-06-30 |
| [AFRICANEWS] Copper and cobalt alone account for nearly eighty percent of the democratic republic of Congo’s revenue. With the slump in global mineral prices and a stagnant economic growth, the government has directed all mining operators to repatriate forty percent of their gross revenue. |
| Posted by:Fred |
| #3 The DRC still lags behind the our own Federal Corporate income tax of 35% and 15% to 20% tax on investment 'Capital Gains.' |
| Posted by: Besoeker 2017-06-30 09:54 |
| #2 looks like a play right out of Veneuzela |
| Posted by: USN, Ret. 2017-06-30 09:36 |
| #1 Why not auction the extraction rights based on how much of the product they dig up? |
| Posted by: Bright Pebbles 2017-06-30 04:11 |