Re:Why Isn’t the Whole World Rich?
by zozbot234 on Wednesday November 23, 2022 @09:31AM
(#33719537)
Free market reforms do not forbid taxes on natural resource extraction. The U.S. has plenty of such taxes, and they score very highly on measures of economic freedom.
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Of course. But we aren't talking about the States, we're talking about countries that are forced into return as a condition of loan forgiveness.
Some of those conditions involves avoiding any sort of export tariffs and using the declared value of goods to calculate profits (ex: if I spent 20$ extracting copper, and sold it for 20$ to an overseas company which totally isn't related to me, then the taxable profit in your country is 0$).