Mining tax bill reaches Senate floor
SENATOR Joseph Victor G. Ejercito on Tuesday sponsored in plenary a measure that may increase the government’s share from mining profits by imposing a five-tier margin-based tax system on the mining industry. Under Senate Bill No. 2826, the five-tier margin-based royalty rate would range from 1-5%, with the measure also seeking to establish a five-tier […]
T. Kauer 
SENATOR Joseph Victor G. Ejercito on Tuesday sponsored in plenary a measure that may increase the government’s share from mining profits by imposing a five-tier margin-based tax system on the mining industry. Under Senate Bill No. 2826, the five-tier margin-based royalty rate would range from 1-5%, with the measure also seeking to establish a five-tier […]
