Your 13-minute Saturday-Monday recap in 3387 words.
##government raises taxes on copper and molybdenum miners-exporters / "Sovereign Wealth" Fund" to be formed / copper processing
Economy Minister Qerobyan: considering the fact that the Republic of Armenia's entrails is state property, and the value of copper and molybdenum have jumped in the past year, the existing royalty system is outdated and does not ensure a fair distribution of profits between Armenian citizens and miners.
Besides that, our state is facing serious challenges and we need more resources to address them. The additional taxation will generate Φ30b throughout 2021. [talks about Russia enacting similar measures instructed by Premier Mishustin] //
Government report: beginning in April 2020, the copper prices increased to $7.5k and then $9.2k. The majority of Armenia's copper mines are profitable at $5.3k. Even after the additional taxation, they will remain very profitable. Molybdenum has been stable at $24k since 2018. The proposed tax increase will work only when the global prices are high.
The revenues from additional taxation will be used to develop the processing industry and the strategic assets in the mining sector.
More specifically, we plan to deepen the value chain of copper processing and establish a high-purity cathode copper production, followed by the development of an adjacent copper ecosystem.
We also plan to invest in technologies to make mining more efficient while being more eco-friendly.
This tax policy is a temporary solution before the entire field can undergo an in-depth review with the participation of various agencies.
Long-term, we plan to review the taxation policies and to create a "Sovereign Wealth Fund" investment foundation, which will receive the revenues deriving from the aforementioned reforms. Many countries already have such Funds that manage the revenues collected from mining. //
https://armenpress.am/arm/news/1057962.html https://armenpress.am/arm/news/1057985.html https://youtu.be/ulvdagBkJHw?t=21
Tags: #CopperTax #tax #miner
##national hero & benefactor Eduardo Eurnekian discusses large scale investments in Armenia
Pashinyan hosted the Armenian-Argentinian businessman Eduardo Eurnekian today.
Pashinyan: Welcome. Glad to see you again. Such visits are important because you're one of the most prominent diasporan investors in Armenia. Your moves always predict the overall invest
... keep reading on reddit β‘I want to be up to par with college students since I wont be going to college for History. This will just be considered a passion project. I just want to know as much as I can about American Political / Legal History. Mostly New York City Political / Legal / Economic History since Iβm from NYC. French would be great too (I really like the culture and history), maybe UK as well.
I want to learn how to research and put that research into writing. I also want to bring out a bunch of sources when discussing a topic with ease.
Some history of American thought would be great too.
It seems to me, in a scenario where things hit the fan, the proof is not going to matter as much as the silver itself. By my reasoning, it is going to be more important to have silver than you can spend than silver that has a rare proof. What am I missing, friends?
