Tanzania’s mining sector and Its Implications for the country’s development.

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dc.contributor.authorMagai, Petro S.
dc.contributor.authorMárquez-Velázquez, Alejandro
dc.date.accessioned2020-08-08T09:36:16Z
dc.date.available2020-08-08T09:36:16Z
dc.date.issued2011
dc.description.abstractThis paper analyses the factors that reduce the mineral sector’s contribution to the Tanzanian government’s revenue. This sector accounts for nearly half of the country’s exports and places it among Africa’s largest exporters. Yet, ordinary Tanzanians have seen little benefit from their country’s exports boom. This is partly because the government has enacted tax laws that are, as we shall see, overly favorable to multinational mining companies, and partially due to the business practices of the companies themselves. The situation is further exacerbated by these companies avoiding taxes altogether by claiming losses. Nonetheless, they continue to invest in operations. Critics argue that the government fails to capture a substantial amount of state revenue as a result of low royalty rates, unpaid corporate taxes and tax evasion major gold mine operators. This paper argues that the Tanzanian government should increase its involvement in the mining industry by entering into joint ventures with mining companies, or by increasing its shares in them. Its involvement will result in an increase in tax and royalties collection.en_US
dc.identifier.citationMagai, P. S., Márquez-Velázquez, A. (2011). Tanzania’s mining sector and Its Implications for the country’s development. HTW-Berlinen_US
dc.identifier.urihttp://41.86.178.5:8080/xmlui/handle/123456789/13379
dc.language.isoenen_US
dc.publisherHTW-Berlinen_US
dc.subjectMining economyen_US
dc.subjectMineral sectoren_US
dc.subjectMining industryen_US
dc.subjectTanzanian government’s revenueen_US
dc.subjectMining and developmenten_US
dc.subjectTanzaniaen_US
dc.titleTanzania’s mining sector and Its Implications for the country’s development.en_US
dc.typeWorking Paperen_US

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