Book published by the World Bank
Introduction:
Across the globe, no type of tax on mining causes as much controversy as royalty tax. It is a tax that is unique to the natural resources sector and one that has manifested itself in a wide variety of forms, sometimes based on measures of profitability but more commonly based on the quantity of material produced or its value. Many nations have reformed or are now reforming the ways in which they regulate and tax the mining sector, and as part of that effort, royalty concepts are being reexamined. That examination may be emotive, as when politicians strive to defend and uphold principles that relate to the nation’s permanent sovereignty over the national mineral endowment, or when companies strive to maintain reasonable profits for their shareholders. The purpose of this study is to provide a comprehensive, objective, and neutral analysis of royalty taxes that can be used by governments and industry in deliberations concerning the merits and demerits of royalties and their various forms.
Download full book: https://documents1.worldbank.org/curated/en/103171468161636902/pdf/372580Mining0r101OFFICIAL0USE0ONLY1.pdf
Otto, J., Andrews, C., Cawood, F., Doggett, M., Guj, P., Stermole, F., Stermole, J., and Tilton, J. (2006). Mining Royalties: A Global Study of their impact on investors, government and civil society. The World Bank Group, Washington DC, 2006.
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