Draft “toolkit” for developing countries addresses mining tax incentives

A new draft “toolkit” for developing countries, released today, addresses tax incentives used by the developing countries that are designed to attract foreign and domestic investment.

The new report, The Hidden Cost of Tax Incentives in Mining, was authored by the staff of the OECD and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF), comprised of 67 countries, and is not the endorsed view of either organization or its member countries.

The toolkit aims to help governments anticipate and limit the cost of mining tax incentives.