Thursday 9 April 2015

Otmane El Rhazi : Indian iron-ore miners’ woes persist as govt disregards pleas to slash 30% export tax

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



An unlimited power to tax involves, necessarily, a power to destroy; because there are limits beyond which no institution and no property can bear taxation.” – John Marshall (1755-1835) Indian iron-ore miners could well be lamenting that the country’s fiscal managers are seemingly unfamiliar with the words of this great American jurist and statesman.

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