Griffith is an official stop on a tour of government officials seeking ideas and solutions for enhancing development outcomes from Mongolia’s extractive industries.
The mining sector in Mongolia produces more than 20 percent of the nations GDP, 85% of its exports and makes a significant contribution to the national budget.
Given the current expansion of the mineral industry and the development of some large strategic mines in Mongolia, the role and contribution of the mining sector to the overall economy is expected to increase even further, so having an effective and efficient taxation and investment environment around mining is crucial to the economic development of Mongolia.
In recognition of this, the Government of Mongolia is currently implementing a World Bank funded ‘Mining Sector Institutional Strengthening Technical Assistance Project’.
As part of this project the Ministry of Finance, Government of Mongolia has organised a study tour consisting of 7 government officials from the Ministry of Finance and the General Department of Taxation from 25 May to 2 June, 2011.
The tour will include a half day forum on ‘mining taxation and key issues of mining tax policy reform’ organised by Griffith Business School’s Asia Pacific Centre for Sustainable Enterprise (APCSE) on 1 June, 2011.
The forum will be convened by Dr Tapan Sarker of APCSE, who is currently undertaking research on mining tax policy reform and the role of stakeholder engagement. His most recent work in this area has been published in the International Tax Bulletin, which can be accessed here.