WARSAW: The Polish government should reconsider the structure of the copper and silver tax, paid practically solely by Poland’s copper giants KGHM, potentially leveling it with the hydrocarbons extraction tax or abolishing the tax on new deposits until CAPEX is recovered, Prime Minister Ewa Kopacz said in Glogow, southwestern Poland.
“We should very thoroughly analyze the structure of the metals tax [introduced in April 2012], which today is paid by KGHM,” Kopacz said at KGHM’s investment site in Glogow.
The government could address the issue of uneven content of metals in ore (currently the tax is tied to mining output), introduce an exemption for new deposits until the miner recovers its outlays or tweak the tax rate, Kopacz said.
