Mining taxation in Fiji: the case of Emperor Gold Mines
Grynberg, Roman; Fulcher, Peter; Dryden, Peter
Description
This paper considers the development of the mining tax regime in Fiji in light of the development of the country’s largest private sector employer, Emperor Mines Limited (EML) (employing between 650 and 800 at Vatukoula since World War II) and its principal Fiji subsidiary Emperor Gold Mining Company Limited (EGM). The paper argues that EGM and EML have been the recipients of extremely generous tax concessions and subsidies throughout the last forty years of their existence and that the company...[Show more]
dc.contributor.author | Grynberg, Roman | |
---|---|---|
dc.contributor.author | Fulcher, Peter | |
dc.contributor.author | Dryden, Peter | |
dc.date.accessioned | 2002-01-31 | |
dc.date.accessioned | 2004-05-19T07:57:02Z | |
dc.date.accessioned | 2011-01-05T08:36:35Z | |
dc.date.available | 2004-05-19T07:57:02Z | |
dc.date.available | 2011-01-05T08:36:35Z | |
dc.date.created | 1996 | |
dc.identifier.uri | http://hdl.handle.net/1885/40354 | |
dc.identifier.uri | http://digitalcollections.anu.edu.au/handle/1885/40354 | |
dc.description.abstract | This paper considers the development of the mining tax regime in Fiji in light of the development of the country’s largest private sector employer, Emperor Mines Limited (EML) (employing between 650 and 800 at Vatukoula since World War II) and its principal Fiji subsidiary Emperor Gold Mining Company Limited (EGM). The paper argues that EGM and EML have been the recipients of extremely generous tax concessions and subsidies throughout the last forty years of their existence and that the company has, since the signing of the 1983 Vatukoula tax agreement (VTA) paid negligible amounts of company tax and minimal royalties to the government of Fiji. The paper reviews EGM and EML up until the end of 1992. In 1993 there was a significant corporate restructuring. The tax agreement is so structured that the company is unlikely to pay any corporate tax or royalties to the government until after the year 2011, for, while the agreement expires in 2004 it is possible that any mine established in that year would enjoy a seven-year tax holiday. By the normal standards of international tax agreements in the mining industry the VTA is exceptional and stands as virtually unique among that of small low and middle-income developing economies in allowing tax-free status for a gold mine. | |
dc.format.extent | 142117 bytes | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_AU | |
dc.subject | Fiji | |
dc.subject | Emperor Mines Limited | |
dc.subject | EML | |
dc.subject | Vatukoula | |
dc.subject | Emperor Gold Mining Company Limited | |
dc.subject | EGM | |
dc.subject | tax concessions | |
dc.subject | subsidies | |
dc.subject | tax-free status | |
dc.subject | gold mine | |
dc.title | Mining taxation in Fiji: the case of Emperor Gold Mines | |
dc.type | Working/Technical Paper | |
local.description.refereed | no | |
local.identifier.citationyear | 1996 | |
local.identifier.eprintid | 183 | |
local.rights.ispublished | yes | |
dc.date.issued | 1996 | |
Collections | ANU Research Publications |
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