Africa's Gain?--Australia's planned super profits tax and Canada's C-300 Bill could see increased capital flows to Africa

摘要

The proposed super profits tax in Australia and the C-300 Bill, which is currently under discussion in Canada, could be advantageous for the African mining landscape, says market analyst firm BDO. The company reports that the envisaged flight of capital from Australia since the government announced its intention to impose a 40% super profits tax, the world's heaviest tax on resource companies, as well as the collapse of resource stocks on the Australian bourse and the increase in the cost of equity capital for mining in that country, has set the scene for an outflow of mining investment.