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- W281898889 abstract "The metal mining industry has long been an important pillar of the British Columbia (BC) economy. As mineral ore is a nonrenewable resource, however, its value to the local region can quickly dissipate once the resource has been exhausted, leaving few long-term benefits. The tax regime can be a powerful tool for overcoming this problem. This article begins with an assessment of the tax regime under which the metal mining industry in BC currently operates. This review highlights several concerns that indicate that the tax regime is falling short of its full potential for securing long-term benefits to local communities. Methods of increasing the retention and distribution of social and economic benefits are thus explored based on approaches adopted in other jurisdictions both within Canada and abroad. These include generalized tax measures, as well as specific provisions aimed at benefiting local communities, protecting the environment, and encouraging greater innovation in the industry. With an increasing emphasis on expanding existing mines and building new ones across BC, this study comes at an opportune time and offers some concrete means to forge a more valuable tax regime — one that retains benefits in locally impacted communities long after the metal resources have been mined." @default.
- W281898889 created "2016-06-24" @default.
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- W281898889 date "2012-01-01" @default.
- W281898889 modified "2023-09-26" @default.
- W281898889 title "Exploring the Mining 'Money Trail': Assessing British Columbia's Mining Tax Regime and Unearthing Legal Tools That Foster Greater Returns for Local Communities" @default.
- W281898889 hasPublicationYear "2012" @default.
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