Posted on
Resource-Rich Developing Countries Need Tax Incentive Check
Panelists at a 2023 OECD Tax and Development Days event on February 16 said that resource-rich developing countries need to reconsider tax incentives for international mining companies in light of Pillar II. The incentives could result in a transfer of tax from the producing country to the country where the parent company is located. This would occur through top-up tax that would be charged by the jurisdiction of the mining company’s ultimate parent, in the event of producing countries not taxing heavily enough.