PNG PM speaks out on resource tax review and Nautilus dispute | Pacific Beat

PNG PM speaks out on resource tax review and Nautilus dispute

PNG PM speaks out on resource tax review and Nautilus dispute

Updated 3 December 2012, 18:07 AEDT

PNG's review of its resource Industry tax was announced in last month's budget and it has some in the industry worried.

It is the first major review since the 2003 tax cuts that contributed to mining boom that has seen PNG lead the region in economic growth since then.

The International Monetary Fund and the Asian Development Bank say there is room for PNG to increase its tax revenue.

When Jemima Garrett put that proposition to Papua New Guinea Prime Minister, Peter O'Neill he told her there are arguments both for and against raising mining taxes.

Presenter: Jemima Garrett

Speaker: Papua New Guinea's Prime Minister, Peter O'Neill

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