UN to Help Nations Value Critical Minerals for Taxes (1)

A United Nations group of tax experts approved plans Monday to write guidance for developing countries looking to raise more tax revenue from critical minerals.

The guidance will focus on extraction of minerals like copper, cobalt, and lithium, whose volatile prices make valuation by cash-strapped tax administrations difficult. The group will also monitor the tax impact of policies aimed at cutting greenhouse gas emissions, like carbon capture utilization and sequestration, or CCUS.

The critical mineral guidance should include a focus on transfer pricing and information exchanges, members of the group said during a meeting in New York. Opening better lines ...