Philippine finance minister says government must get more revenue from mining

Posted on March 25, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

The Philippine finance minister said he will push mining companies to pay bigger shares of their revenue to the government even though the industry maintains that taxes are already too high and higher ones could kill the business.

Taxation of Philippine miners is a thorny issue that has delayed development of the country’s vast mineral resources. President Benigno Aquino, seeking to raise revenue from mining, has met stiff resistance.