Comments on: Zambia reclaims its right to tax copper

By: Alastair

Alastair — Fri, 25 Jan 2008 14:56:16 +0000

I am tracking this development in detail via a blog on the website http://www.minewatchzambia.com
If you want detail on why Zambia is absolutely right to rip up the Development Agreements (and it’s not yet clear that’s what they are doing - the Finance Minister is probably on his feet offering more detail via the annual budget announcement as I type this) have a look at the original report ‘For Whom the Windfalls?’ also available on that site.

By: What a Result!

What a Result! — Fri, 18 Jan 2008 18:24:28 +0000

[...] Richard Murphy supports governments unilaterally breaching contracts, does [...]

By: hatfield girl

hatfield girl — Fri, 18 Jan 2008 14:18:45 +0000

One way in which the Zambian government could avoid a resulting and inappropriate strengthening of the kwacha and domestic inflationary pressures would be the setting up of a sovereign fund whose proceeds could be used to alleviate poverty and fund health and education, rather than suffering the driving down of agricultural exports as happened recently even under the old tax regime, with rises in mineral resources prices.

By: Tax Research LLP

Tax Research LLP — Fri, 18 Jan 2008 14:15:39 +0000

Vice

You’re right - million, not billion

Corrected now

And greetings!

Richard

By: Vice Yu

Vice Yu — Fri, 18 Jan 2008 13:17:28 +0000

Hi Richard,

Thanks for this post. Just a quick clarification … I gather you mean “US$630 MILLION” rather than the “US$650 BILLION” indicated in the post above.

Vice