Saturday, 19 May 2007

Bolivia plans to hike mining taxes to 50 pct

(Reuters) - Bolivia plans to hike taxes on mining companies to 50 percent of profit, from 35 percent now, as leftist President Evo Morales strives to reap more benefits from the country's mineral wealth, a mining official said.

After taking office as the country's first president of indigenous descent in January 2006, Morales drastically raised taxes on natural gas operations and nationalized reserves of the fuel.


Read more at Reuters Africa

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