Sovereign Wealth Fund Creation Act: Difference between revisions
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2.1 - A 16% tax on the income generated from bauxite mining is implemented. All the revenue generated from this tax shall go directly towards the Mineral Fund. |
2.1 - A 16% tax on the income generated from bauxite mining is implemented. All the revenue generated from this tax shall go directly towards the Mineral Fund. |
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2.2 - A 20% export tariff on raw or refined bauxite is implemented. Raw or refined bauxite is described as a product/commodity that consists |
2.2 - A 20% export tariff on raw or refined bauxite is implemented. Raw or refined bauxite is described as a product/commodity that consists of more than 15% bauxite. This tariff does not affect aluminum products which use bauxite to any degree. All the revenue from this export tariff shall go directly towards the Mineral Fund. |
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=== Article 3: Operations & Management === |
=== Article 3: Operations & Management === |
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