ATM Statement on the passage of a new mining tax bill at Senate
The Alyansa Tigil Mina (ATM) is an alliance of more than a hundred people’s organizations, Non-Government Organizations (NGOs), national environmental groups, Church groups and academic institutions who have decided to collectively challenge the aggressive promotion of large-scale mining in the Philippines through policy and advocacy works.
Congress has gifted the mining industry with lower taxes and royalty payments, with the passage of HB 8400 (An Act Establishing the Fiscal Regime for the Mining Industry) last October 10, 2018. The House Committee on Ways and Means passed the bill sponsored by Rep. Estrellita Suansing, Chairperson of the committee. Reportedly, it will replace HBs 422 and 7994.
Read full article @www.alyansatigilmina.net