OK Tedi Mining Case Study
Globalisation is the process of increasing integration in world civilisation. It is known to be a new form of social organisation - an increasingly living in borderless world where flows of capital and new technology are propelling goods, information, people and ideologies around the globe in volumes, and at speeds never previously imagine. Globalisation is experience in all facets of life, either through politics, social or economics.
To gain a greater understanding of how globally extensive these aspects configure our lives in our locality we need to examine the many ways our people in the pacific participate in and are impacted by these interconnections. The scope of this discussion will focus on the beneficial and adverse …show more content…
OK Tedi mining is one of the mining company that has caused a lot of damages to its environment .And for global warming its now real issue in the pacific where
Globalization has open up labour market which influence the greater movement of Professionals and skill workers. Some countries find it difficult to hold onto their best employees who are attracted by higher wages elsewhere. This is happening in Papua New Guinea especially in the mining and aviation industry.
Multinational companies like Amazon and Google, can set up offices in countries like Bermuda and Luxembourg with very low rates of corporation tax and then funnel their profits through these subsidiaries. This means they pay very little tax in the countries where they do most of their business. This means governments have to increase taxes on VAT and income tax. It is also seen as unfair competition for domestic firms who don’t use same tax avoidance …show more content…
(e.g. Ireland offers very low tax rate). This strategic investment decisions in lowering corporation tax has led to higher forms of other taxes. This is a reality in Papua New Guinea and also in the pacific where investors especially in mining sectors are given tax incentives or even tax holidays under the expense of ordinary citizen. The higher wages earn the higher salary wages taxes paid to the government by ordinary citizens. This is also led to the taxing of your life savings from Nas Fund and POSF, the two giant’s superannuation Fund in Papua New Guinea. The daily life of all ordinary citizens are factored to a tax regime call the goods service tax (GST) where very service that you receive a ten percent (10%) tax is paid to the government
To gain a greater understanding of how globally extensive these aspects configure our lives in our locality we need to examine the many ways our people in the pacific participate in and are impacted by these interconnections. The scope of this discussion will focus on the beneficial and adverse …show more content…
OK Tedi mining is one of the mining company that has caused a lot of damages to its environment .And for global warming its now real issue in the pacific where
Globalization has open up labour market which influence the greater movement of Professionals and skill workers. Some countries find it difficult to hold onto their best employees who are attracted by higher wages elsewhere. This is happening in Papua New Guinea especially in the mining and aviation industry.
Multinational companies like Amazon and Google, can set up offices in countries like Bermuda and Luxembourg with very low rates of corporation tax and then funnel their profits through these subsidiaries. This means they pay very little tax in the countries where they do most of their business. This means governments have to increase taxes on VAT and income tax. It is also seen as unfair competition for domestic firms who don’t use same tax avoidance …show more content…
(e.g. Ireland offers very low tax rate). This strategic investment decisions in lowering corporation tax has led to higher forms of other taxes. This is a reality in Papua New Guinea and also in the pacific where investors especially in mining sectors are given tax incentives or even tax holidays under the expense of ordinary citizen. The higher wages earn the higher salary wages taxes paid to the government by ordinary citizens. This is also led to the taxing of your life savings from Nas Fund and POSF, the two giant’s superannuation Fund in Papua New Guinea. The daily life of all ordinary citizens are factored to a tax regime call the goods service tax (GST) where very service that you receive a ten percent (10%) tax is paid to the government