Melman on Gold & Silver
August 2017 by Leonard Melman
We have heard much “tough talk” through the years regarding reining in the regulatory excesses of government agencies in the past, but little action has followed those words. Perhaps we will finally see a genuine move away from excessive regulation.
...the tax rate for an incorporated, small-scale mine or mining-related business will be reduced from the former 35 percent rate to 21 percent for the 2018 tax year and thereafter.
Last month saw the mining industry take center stage as Toronto, Ontario was once again host city for the giant PDAC annual mining convention. We take at look at that gathering below, focusing on some of the negative industry sentiment on display.
…2017 was just the first year with a small increase after a huge drop off in exploration activity. It may take many years of future increases to get back to where the activity was in 2012, as projected increases in exploration spending are seen to be slow and steady.
Making it even semi-permanent allows any business that spends heavily on equipment, machinery and other business property to reap large, up-front tax breaks.
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