Newmont To Resume Indonesian Operations After Tax Deal
8/29/2014 4:47:00 AM
Newmont Mining has agreed to enter into negotiations with the Indonesian Government
and resume copper concentrate production, following the latter's publication of
a new regulation confirming its offer of concessionary export duty rates to companies
that agree to invest in smelting facilities in the country.
The word "offshore" has no precise legal dictionary definition, it simply means "situated or operating in a foreign country or at some distance from the shore" and reflects the fact that most low tax jurisdictions are islands.