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Tax reforms threaten Chile's copper future

As copper hits record highs, a bill to dramatically increase royalties on miners in Chile, the world’s largest producer, is advancing through Congress. Industry participants believe the potential reforms could spell an end to mining investment in the country.

Tax reforms threaten Chile's copper future Tax reforms threaten Chile's copper future Tax reforms threaten Chile's copper future Tax reforms threaten Chile's copper future Tax reforms threaten Chile's copper future

Chile's Chamber of Deputies passes royalty bill

The bill to establish royalty and taxation based on sales revenue - rather than profits - passed Chile's lower house, the Chamber of Deputies, on Thursday.