Browsing by Author "Gimenez, Jessie John P."
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Item Restricted Some economic implications of this amendments to gross output and ad valorem taxes (BP#84) on the Philippine mineral industry(1983-01) Gimenez, Jessie John P.The main objective of the paper is to look at the economic implications of the amendments Output Gross and Ad Valorem taxes on the Mining industry as stipulated in Batas Pambansa #84. By looking into Annual Stockholders reports of the different mining companies and using these data together with those of Chamber of Mines and Bureau of Mines, the researcher was able to come up with his own computations to show the effects of the amendments on the performances of the mining companies. The paper stressed the importance of the mineral industry and also outlined the serious repercussions of the amendments to the industry and to the economy. From the findings of the paper, we can gather that the amendment stipulated in Batas Pambansa #84 will result in the inability of the mining industry to generate funds internally, decrease profitability, disincentive to investors, cutback to explorations and the shutdown of small and marginal mines. In last analysis , it will be the entire Philippine economy which will be affected in the long run.