The Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) and the African Tax Administration Forum (ATAF) hosted the First Consultative Expert Meeting on November 24. The purpose of the meeting was to present an overview of the innovative ideas received in the context of The Future of Resource Taxation project.
ATAF and IGF members, government officials, civil society, industry, and academia were encouraged to participate in this inaugural First Consultative Expert Meeting, as their contributions will enrich the discussions and assist resource-rich countries in finding sustainable solutions to maximize financial benefits from their mineral wealth.
The Future of Resource Taxation
In July 2020, ATAF and IGF launched a joint initiative called The Future of Resource Taxation to rethink how developing countries benefit financially from their mineral resources. The initiative aims to investigate how the current system of mining taxation can be improved, as well as alternative options available to resource-rich countries to maximize the returns from their mineral wealth.