June 26 (Finance) — The Global Conference on the Future of Resource Taxation 2023 is being hosted by Zambia. The conference will take place from June 26 to 28, 2023 at the Mulungushi International Conference Centre in Lusaka, Zambia.

The Global Conference on the Future of Resource Taxation is a significant event that will bring together government officials, industry representatives, and civil society organizations to discuss the future of resource taxation. The conference will focus on the following key challenges:

• The need to ensure that resource taxation is fair and equitable. This means that the tax burden should be distributed in a way that is fair to all stakeholders, including governments, companies, and communities.
• The need to ensure that resource taxation is sustainable. This means that the tax system should be designed in a way that does not discourage investment or economic growth.
• The need to ensure that resource taxation is effective in raising revenue. This means that the tax system should be designed in a way that maximizes the amount of revenue that is collected from natural resources.

The conference is expected to produce a number of key takeaway issues, including:

• The need for a more comprehensive approach to resource taxation. This means that the tax system should not only focus on the extraction of natural resources, but also on the processing, transportation, and marketing of these resources.
• The need for greater transparency and accountability in resource taxation. This means that governments should be more transparent about how they are using resource revenue, and that companies should be more accountable for their tax payments.
• The need for more effective cooperation between governments and industry. This means that governments and companies need to work together to ensure that the tax system is fair, sustainable, and effective.

The Global Conference on the Future of Resource Taxation is an important opportunity to discuss the future of resource taxation and to develop solutions to the challenges that are facing the sector. The conference is expected to produce a number of key takeaway issues that will help to shape the future of resource taxation.

Here are some additional challenges that may be discussed at the conference:

• The need to adapt tax systems to the changing nature of the mining sector.
• The need to address the challenges of tax avoidance and evasion.
• The need to ensure that resource taxation contributes to sustainable development.

The conference is also expected to discuss a number of innovative fiscal measures that can be used to strengthen mining revenue collection, sustainably, while helping combat climate change. These measures include:

• Royalties: Royalties are payments made by mining companies to governments for the right to extract natural resources. They can be a significant source of revenue for governments, and they can also help to ensure that the benefits of mining are shared more equitably.
• Profit-based taxes: Profit-based taxes are taxes that are levied on the profits of mining companies. They can be more effective than royalties in raising revenue, and they can also help to ensure that companies pay their fair share of taxes.
• Environmental taxes: Environmental taxes are taxes that are levied on activities that pollute the environment. They can be used to discourage environmentally harmful activities, and they can also generate revenue that can be used to fund environmental protection measures.

The Global Conference on the Future of Resource Taxation is an important event that will help to shape the future of resource taxation. The conference is expected to produce a number of key takeaway issues that will help to address the challenges facing the sector and to ensure that resource taxation contributes to sustainable development.