Many lawmakers recognized complexity of Oyu Tolgoi investment aggreement and decided to transfer the right to enter the investment agreement to Government of Mongolia. Parliament rejected revision of any tax laws that might give tax incentives or stablize tax environment of the Investment Agreement.
Previous version of the Investment Agreement had 30% Resource Rent Payment to substitute 68% Windfall Profits Tax law.
Parliament discussion is still continuing.....
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» Government of Mongolia to re-negotiate Oyu Tolgoi Investment Agreement
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