• Kinross windfall tax feared as new precedent | Financial Post

    Dec 07, 2011· Kinross windfall tax feared as new precedent Gold mining companies expect to face rising taxes and royalties as long as prices stay strong. But Kinross Gold Corp. has surprised onlookers by ...

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  • Windfall tax on Aussie miners falls flat - MINING.COM

    The Australian government’s windfall tax on coal and iron ore miners’ so-called “superprofits” has raised a paltry $130 million over the first six months. The money raised to 31 December ...

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  • Windfall tax will not be re-introduced in Zambia ...

    Aug 28, 2009· Minister Lusaka, Zambia --- MININGREVIEW.COM --- 28 August 2009 - A decision not to re-introduce a windfall tax on foreign operators in the Zambian mining industry is expected to spur fresh investments in Africa's largest copper producer, as metals prices rally on …

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  • canada windfall tax on minerals

    canada windfall tax on minerals Milling is also known as grinding, it is a material more refining process. A sharp object works by concentrating forces which creates a high pressure due to the very ...

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  • South African miners to deliver tax windfall after metals ...

    Aug 02, 2019· Miners such as Anglo American Platinum Ltd. and Kumba Iron Ore Ltd. are reaping windfall profits from higher palladium, rhodium and iron ore prices, while a weaker rand lowers their costs. “Improved profitability should lead to a materially higher tax and royalty take...

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  • A Guide to Canadian Mining Taxation

    mining industry with their own policies, regulations and taxes. When mining is in a rising commodity price cycle, as it was in the first decade of this century, governments tend to . raise mining taxes to capture a higher share of profits. When mining reverts to a falling commodity price cycle, as it is doing

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  • Nancy Pelosi Wants A Windfall Tax On Retirement Income

    A partial contribution formula determines the maximum permissible contribution for incomes between $75,000 and $85,000. 4. If you file a single tax return, you can make a full SEP IRA employee contribution if your MAGI is $50,000 (2006) or under and no contribution for incomes of $60,000 (2006) or more.

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  • AIIM Stock Price | Windfall Geotek Inc. Stock Quote ...

    Albert Mining Inc. The company focuses on discovering commercially exploitable deposits of minerals like base metals, precious metals, and uranium, which can be placed in production. Its project portfolio includes the Kimberlites Project, Rupert Lithium Project, and Montagne B. The company was founded on February 23, 1996 and is headquartered in Montréal, Canada.

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  • Ecuador studying mining royalties and windfall tax - Reuters

    Jan 31, 2008· The windfall tax will force mining companies, most of which are only exploring, to share 70 percent of their revenues above the base price in deals once they start production.

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  • Canada : Non-Taxable Windfalls: A Rare Species In Canadian Law

    May 20, 2012· On April 23, Morguard Corporation filed an appeal with the Federal Court of Appeal of the decision of Boyle J in the Tax Court of Canada, 2012 TCC 55, (Date: February 24, 2012) holding that a $7.7 million break fee was taxable.

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  • Windfalls In The Tax Court - Tax - Canada

    Oct 29, 2015· [f]inding a payment to be a non-taxable capital receipt is not something any Tax Court of Canada judge does lightly. It can have serious repercussions in our overall system of taxation as to what is a source of income that is subject to Government taxation.

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  • Russian ministries reject proposed windfall tax on metals ...

    Aug 22, 2018· KUBINKA, Russia, Aug 22 (Reuters) – Russian government ministries have agreed that a proposed windfall tax on metals, mining and chemical companies was …

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  • What Is a Windfall and How Does It Apply to Me? | 2019 ...

    canada windfall tax on minerals, allafrica: zambia: pitfalls of (i) crushing and screening plant: 15,000 mts per month. by the assessee was mining or winning of minerals. we find that the demand of service tax under “business. canada windfall tax on minerals, allafrica: zambia: pitfalls of.

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  • Windfall profits tax - Wikipedia

    Criticism. If that's what constitutes windfall profits, most of corporate America would qualify... 51 Senators voted to impose a 25% windfall tax on a U.S.-based oil company whose profits grew by more than 10% in a single year... This suggests that a windfall is defined by profits growing too fast....

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  • Cross Border Retirement Income: Canada Pension Plans ...

    Mar 21, 2019· Cross Border Retirement Income: Canada Pension Plans, Canadian Old Age Security, U.S. Social Security and the Windfall Elimination Provision March 21, 2019 By Cardinal Point Wealth Calling all eligible benefit holders of the Canada Pension Plan (CPP), Canadian Old Age Security (OAS) and U.S. Social Security (SS)…

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  • Canada Windfall Tax On Minerals

    Canada Windfall Tax On Minerals. Capital gains on sale of mineral rights - Ask TaxGuru. Jan 26, 2017 · Capital gains on sale of mineral rights. . That tax is levied at your standard tax rate. For instance, say, you buy mineral rights for 100k, deplete them to 70k and sell them for 90k, the 20k difference between your depleted value and your ...

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  • Windfall tax not good for mining exploration says govt

    Windfall tax not good for mining exploration says govt. And the Minister has noted that reports that the Country is not benefiting from the Mines are not true because the Mining firms have been remitting mineral royalties. Mr. Mwale has clarified that the 3 percent mineral royalty tax is paid at gross production and not on the profits as some quarters of society have been claiming.

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  • Mining Tax Canada | Canadian Taxation Framework

    Mining taxes: separate and apart from income taxes, the provinces and territories of Canada (but not the federal government) levy specific taxes on mining operations (typically the extraction of minerals from the ground). These provincial mining taxes are generally deductible in computing taxable income for federal income tax purposes.

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  • Zambia: Pitfalls of Windfall Tax - allAfrica.com

    For Zambia, the issue of the windfall tax first came to a head in 2008 when the Government, anticipating soaring copper prices, introduced a new mining tax regime which encompassed windfall tax on ...

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  • Zambia's Kansanshi mine pays $30 mln in new windfall tax ...

    Jul 25, 2008· ZNBC radio said Kansanshi, a unit of Canada’s First Quantum Minerals , had complied with the payment of the 25 percent tax introduced in a bid to share the ‘huge profits’ it said mining ...

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  • 5 Ways to Reduce Your Taxes After a Windfall Gain

    Getting a windfall income is a great way to stabilize your finances and lay a strong foundation for savings and retirement. But depending on the source, the United States government may want its ...

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  • Afghans unlikely to see mining windfall - MarketWatch

    Jun 14, 2010· LOS ANGELES (MarketWatch) -- If a report in the New York Times proves accurate, the beleaguered nation of Afghanistan is sitting on a hoard of mineral wealth that …

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  • Windfalls In The Tax Court - Tax - Canada

    Oct 29, 2015· The Queen 32 successfully argued before the Tax Court that a $15.8 million payment from the Ontario government should be characterized as a non-taxable capital receipt and a separate payment of $650,000 from the Ontario government should be characterized as a non-taxable windfall. Although the decision is noteworthy for concluding that these payments are not taxable, the decision by Miller J …

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  • AIIM Stock Price | Windfall Geotek Inc. Stock Quote ...

    Windfall Geotek Inc. Albert Mining, Inc. engages in the exploration, acquisition, and development of mineral properties. It focuses on discovering commercially exploitable deposits of minerals ...

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  • India Proposes Windfall Tax on Non-Fuel Minerals - WSJ

    India's Mines Ministry has proposed a windfall tax on non-fuel minerals such as iron ore to claim part of what the government considers high profits earned by the mining sector.

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  • Windfall tax not good for mining exploration says govt

    The reintroduction of windfall tax calls have not been on mineral exploration but on the massive profits from our already developed & exporting copper mines. They are currently making a paltry ...

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  • The Best Explanation of the Windfall Elimination Provision ...

    Understanding if a reduction in benefits will apply to you, and how much that will be, does not have to wait until you file for Social Security. You can find out today. It starts by understanding the mechanics of the Windfall Elimination Provision.

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  • canada windfall tax on minerals

    canada windfall tax on minerals - greenrevolutionorgin. Articles about Windfall Tax - Economic Tim The mines ministry has done well to propose a windfall tax on minerals like iron ore Mining companies rake in hefty profits from rising prices of iron ore, which is …

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  • What To Do With a Windfall - Fidelity

    A windfall can radically change your financial situation. For example, it could place you in a different tax bracket, cause you to rethink your estate plan, or change your investment objectives. Consider consulting an estate planning attorney, a certified public accountant, and/or a financial adviser.

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  • Non Taxable Windfall | Canadian Income Tax Help

    Non Taxable Windfall. For instance, lottery winnings in Canada are treated as windfalls and are not subject to Canadian income tax. This is also true for gambling winnings, as long as the taxpayer is not in the business of gambling, because the income is not considered to be income from a business.

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  • The Taxman Cometh: What to Know about Taxes on Mineral ...

    Jan 22, 2016· Minerals are generally taxed at the county, state and federal levels. Here’s a glance at the taxes you should know about. Ad Valorem Tax: These are taxes collected annually at the county level. In many states, this tax is only paid when there is active mineral production. The amount of taxes paid is based on fair market value, therefore it fluctuates along with supply and demand. This is a tax …

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  • Capital gains on sale of mineral rights - Ask TaxGuru

    Jan 26, 2017· Capital gains on sale of mineral rights I am looking for some advice and guidance for my mother. In January 2016, she sold her oil and gas mineral rights that were inherited from her parents in 2004 for $531,000.

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  • Ivory Coast plans windfall tax on gold miners’ profits ...

    Sep 14, 2012· Ivory Coast plans a windfall tax of 19 per cent on gold mine profits to share in the benefits from soaring world prices for the metal. The decision, revealed in a government document, sets the ...

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