TAX concessions for mining, oil and gas were given under the tax law, a well-placed source in Internal Revenue Commission said.
Exxon Mobil LNG
By MALUM NALU
GENEROUS tax concessions given to mining and gas companies are contributing to low government revenue per capita, according to Asian Development Bank country economist Aaron Batten.
He said the average effective tax on PNG’s mining, oil and gas companies was now on the low side of fiscal regimes across the world
Mekere Morauta, Minister for Public Enterprises
When the O’Neill-Namah Government took over from the Somare regime in early August, I was given the task of sorting out the mess which had been created among all of the state owned enterprises by the former Minister for Public Enterprises, the (currently suspended) Member for Angoram, Arthur Somare.