FINNISH GOVERNMENT PLOTS MINING TAX AS MINERAL OUTPUT BOOMS
October 1st, 2012
BY GERARD O'DWYER, IN HELSINKI
THE FINNISH government is considering the introduction of a tax on mining activities in 2013 to reduce a growing budget deficit. Finland's updated Mining Act, which took effect in July 2011, does not cover production or exploration-based royalties. A government estimate, produced by the ministry of finance in June, indicated a tax could raise EUR100 million annually.
The mining tax proposal is currently being discussed by an inter-ministerial committee left-conservative rainbow coalition of Prime Minister Jyrki Katainen, with ...
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