MVP 'sympathizes' with LGUs' seeking bigger share in mining taxes

MANILA, Philippines – Businessman Manuel V Pangilinan said he “sympathizes” with the local governments that host mining and oil/gas extraction activities and want a bigger share of the taxes paid by firms.

Pangilinan heads Philex Mining Corp and Forum Energy, which is exploring possible oil and gas deposits in the West Philippine Sea via Service Contract 72 from the Philippine government.

Mining firms are constantly faced with opposition from environmental and religious groups. Recently, a draft of a presidential executive order that limits tax incentives and increases fees paid to local hosts was leaked. The final draft of the controversial EO is expected to be released soon. – Rappler.com

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For other views on mining, read:

Yes to Mining	No to Mining
Correcting lies and disinformation by Gerard H. Brimo	Stand for the environment by Regina Lopez
How can mining work for Philippines? by Manuel V. Pangilinan	Mining is a social justice issue by Christain Monsod