Resource curse: The TP uncertainties facing mining groups in 2017
February 09, 2017
Since the OECD’s BEPS Project was launched in October 2015, many industries are having to adjust to the new environment. A new Deloitte report found that the mining sector, with its long-term investments in developing countries, could be particularly vulnerable to tax changes.
Investing in the mining sector can be highly lucrative, but it is not without its risks. Many mines are situated in developing countries in Africa and South America, and the tax environments in these jurisdictions are likely to undergo dramatic changes in the coming years. New global standards set by the BEPS Project will see many countries reforming their tax legislation, but these changes are unlikely to happen in one go, leaving multinationals uncertain of which steps to take next.
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