AGY 5.00% 3.8¢ argosy minerals limited

General Discussion AGY, page-6551

  1. 777 Posts.
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    I think you are on the money.

    "The Government decided to establish refrence values for the sale of lithium carbonate abroad and seek to avoid sub-invoicing for the export of that mineral ".
    The price value of US$53 per kilo would have to be a minimum or base price rather than a cap and this price value would be reviewed periodically in line with market prices. Argentina is making sure of collecting the full taxes from its exports , largely denominated in US$, given their economic woes and high debt to service in US$ .

    Unfortunately not all companies play by the rules and I guess that some would have been caught out in sub - invoicing for their exports and invoicing the difference through an offshore related company with those receipts being paid to bank accounts in some tax havens.

    I think Argentina's move is a positive one and it ensures that full taxes are paid by exporters for their country's resources..
 
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