On November 2, 2007 the US House passed a new mining law that mandates a 4% gross royalty on existing mines and an 8% royalty on future mines on public lands. The royalty, if imposed, represents expropriation over and above the corporate income tax mining companies presently have to pay.
From: www.mises.org
Mining, Risk, and Profit
Posted by Ruslan Abuzant at 9:23 AM
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