{"id":8525,"date":"2012-03-03T02:49:00","date_gmt":"2012-03-03T00:49:00","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/uk-lawmakers-to-grill-miners-glencore-on-tax\/"},"modified":"2012-03-03T02:49:00","modified_gmt":"2012-03-03T00:49:00","slug":"uk-lawmakers-to-grill-miners-glencore-on-tax","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/uk-lawmakers-to-grill-miners-glencore-on-tax\/","title":{"rendered":"UK lawmakers to grill miners, Glencore on tax"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, March 2<\/span> (Reuters) &#8211; British parliamentarians<br \/>\nhave invited commodities trader Glencore and other<br \/>\nunnamed companies in the resources sector to testify next month<br \/>\nas part of an inquiry into tax in developing countries.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Parliament&#8217;s International Development Committee monitors<br \/>\nthe work of the Department for International Development and is<br \/>\nprobing tax payments and tax avoidance in the developing world.<\/p>\n<p><span><\/span><\/p>\n<p>It has focused its investigation on Zambia, a copper<br \/>\nproducing giant where Glencore operates alongside other miners<br \/>\nincluding Vedanta Resources and First Quantum.<\/p>\n<p><span><\/span><\/p>\n<p>A number of non-governmental organisations, but also Rio<br \/>\nTinto and brewer SABMiller, have already<br \/>\nsubmitted written evidence as part of the inquiry.<\/p>\n<p><span><\/span><\/p>\n<p>Zambia is Africa&#8217;s top copper producer, but it is one of the<br \/>\nworld&#8217;s poorest countries, and its revenue from the sector<br \/>\naccounts for barely 1 percent of government revenue. It said<br \/>\nlast month that it would audit all of its mining houses to dig<br \/>\nfor back taxes of up to $1 billion.<\/p>\n<p><span><\/span><\/p>\n<p>The committee quotes an estimated $160 billion each year<br \/>\nlost by the developing world because of tax avoidance by<br \/>\nmultinationals.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We are happy to take part in this inquiry, about taxation<br \/>\nin developing countries,&#8221; said a spokesman for Glencore, which<br \/>\nowns Mopani Copper Mines, one of Zambia&#8217;s largest producers.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Mopani makes a major economic contribution to Zambia,<br \/>\nproviding over 17,000 jobs, paying its taxes, and making<br \/>\nsubstantial voluntary contributions in education, health and<br \/>\ninfrastructure development.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON, March 2 (Reuters) &#8211; British parliamentarians have invited commodities trader Glencore and other unnamed companies in the resources sector to testify next month as part of an inquiry into tax in developing countries. Parliament&#8217;s International Development Committee monitors the work of the Department for International Development and is probing tax payments and tax avoidance [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8525","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8525"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8525\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}