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¿Perdimos la oportunidad con el cobre?

Author

Listed:
  • Correa Mautz, Felipe

    (Estudios Nueva Economía)

Abstract

Specific Mining Tax (IEM) was established in Chile in 2005, after a failed legislative discussion process that sought to install the figure of a royalty for the extraction and sale of minerals. However, although due to the significant increase in the price of copper mining was obliged to pay taxes -which had not done in previous years- in practice what made this new IEM was to reduce the overall rate of taxes paid by mining. This paper discusses the mechanism by which this happened, showing the collection figures of IEM in the context of mining production between 2003 and 2012, and simulating what mining really should have paid in contexts where not happen evasion or avoidance that characterized this sector during the copper prices boom.

Suggested Citation

  • Correa Mautz, Felipe, 2016. "¿Perdimos la oportunidad con el cobre?," Documentos de Trabajo 1, Estudios Nueva Economía.
    • Handle: RePEc:ris:enedoc:0001
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    Citations

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    Cited by:

    1. Sturla-Zerene, Gino & Figueroa B, Eugenio & Sturla, Massimiliano, 2020. "Reducing GHG global emissions from copper refining and sea shipping of Chile's mining exports: A world win-win policy," Resources Policy, Elsevier, vol. 65(C).
    2. Guino Sturla Zerene & Eugenio Figueroa B. & Massimiliano Sturla Z. & Jose Flores P., 2017. "Reducción de Emisiones Globales de Carbono Refinar el Cobre en Chile," Working Papers wp442, University of Chile, Department of Economics.
    3. Ramón E. López & Gino Sturla Zerene, 2017. "Cómo Captar las Rentas del Cobre en Chile," Working Papers wp437, University of Chile, Department of Economics.
    4. Gino Sturla & Simon Accorsi & Ramon Lopez & Eugenio Figueroa, 2016. "Nuevas Estimaciones de la Riqueza Regalada a las Grandes Empresas de la Minería Privada del Cobre: Chile 2005-2014," Working Papers wp435, University of Chile, Department of Economics.
    5. -, 2018. "The wealth gifted to the large-scale copper mining industry in Chile: new estimates, 2005-2014," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.

    More about this item

    Keywords

    royalty; mining; specific mining tax; CODELCO;
    All these keywords.

    JEL classification:

    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources

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