Dec. 20, 2018
ATM
welcomes the move of the MICC to defer the lifting of the moratorium on new
mining permits.
The
new excise tax rates approved under the TRAIN law is not sufficient to address
the demand of EO 79, which is that a new fiscal regime on mining must be
passed. For ATM, a new fiscal regime on mining includes new rules on royalties,
a tax on super profit or windfall profits, increased social development funds
and increased rehabilitation and decommissioning funds.
But
the MICC should not forget that other conditions remain in place that justify
this moratorium. The MICC should first issue publicly the “no-go zones” map and
decide with finality the closure and suspension orders issued by former DENR
Sec. Gina Lopez
For
more information:
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