Vehicles Equal Moving Deductions for Mining Operations
August 2019 by Mark E. Battersby
Knowing how and when to deduct the cost and expenses of the vehicles used in the prospecting or mining operation can have significant tax implications.
When we look ahead into 2011, we see continuing troubles such as those listed earlier, which will force the public to question the effectiveness of the entire concept of economic strength and vitality through government interventions. In fact, many of those interventions have been abject failures, and we wonder if or when the public will lose confidence in the entire system.
Perhaps the first and most important is the fact that the foreign exchange value of the US Dollar has been going down steadily for several months. As the value of the Dollar goes down, the price of goods in Dollar terms tend to go up…
Next, all of silver’s chart action since mid-2011 has taken place under a declining trend line (dotted line), which has held for more than four years. Any trendline of that duration must be taken seriously.
…the general investment community has turned away from mining shares over the past three years and moved whole-heartedly into conventional investments.
Another area of growing international concern for business and industry is the recent astonishing proliferation of new government regulations and laws. Despite the presumably good intentions behind these measures it is now becoming apparent that they are imposing true costs to our economic society. The sheer variety of these laws and regulations is mind-boggling.
The Bawl Mill • Our Readers Say • Ask The Experts - What is a 'wissbanger'? • Legislative and Regulatory Update • Papa's Got A Brand New Dredge! • Selecting A Low-Risk Region To Explore, Mine or Invest • Resurrecting An Old Hard Rock Mine--The Saga Continues • Research Tools for The Modern Prospector • Silver Peak, Nevada: A Little of Everything • Vindication for Montana Veteran Joe Robertson • Green Returns And Opportunity Is Almost Gone • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices