GAFA tax: Companies have received their tax notice

"Companies subject to this tax have received a tax notice for the payment of the 2020 installments," said Bruno Lemaire. Not to mention the possible wrath of the American authorities, the GAFA have already taken the lead. Here's how.   The negotiations on the digital tax at the OECD have come to naught. “We had suspended the collection of the tax until the OECD negotiations were concluded. This negotiation failed, so we will collect a tax on the digital giants next December, "explained Bruno Le Maire, the French Minister of the Economy, in mid-October. "Companies subject to this tax have received a tax notice for the payment of the 2020 installments," the Ministry of the Economy said today. Facebook and Amazon "are among the companies" which have been notified "in recent days", assures for its part the Financial Times. So after firing the first ones, what should the French authorities expect from now on? Has

Mali exported 65.6 tonnes of gold in 2019

According to the National Institute of Statistics, Mali exported 65.6 tons of gold in 2019, which represents an increase of 6.5% compared to 2018. This confirms the record production recorded last year, although a drop in performance is expected this year. 

Mali exported 65.6 tonnes of gold in 2019

Mali's gold exports increased 6.5 percent year-on-year in 2019 to reach 65.6 tonnes. This is what emerges from the foreign trade figures released on October 3 by the National Institute of Statistics. The organization, relayed by Reuters, specifies that the two main destinations for Malian production are Switzerland and South Africa.

It should be noted that it was the 7% increase in industrial production last year that was reflected in this increase in exports with nevertheless a contribution of around 540 kg from the artisanal sector. Moreover, even if the Covid-19 pandemic and the recent coup d'├ętat have not really disrupted mining operations, we can expect a drop in production and by extension exports in 2020. In question, the poor performance expected from several mines such as Sadiola or Morila. 

As a reminder, gold is Mali's first and main source of export earnings and represented 9.7% of GDP in 2019. Companies present in the country include Resolute, Barrick Gold, B2Gold and AngloGold Ashanti.