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Peru presidential candidate outlines new taxes, royalties for miners

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Reuters

By Marco Aquino LIMA (Reuters) – Peru’s socialist presidential candidate Pedro Castillo said on Sunday night he would raise taxes and royalties on Peru’s key mining sector and renegotiate the tax contracts of large companies if elected to high office next month. Castillo, a teacher and trade union leader who was politically unknown before this year’s election, said in a document outlining plans for his first 100 days in office that he would strengthen the role of the state with a “mixed economy” approach and actively regulate monopolies and oligopolies. He said he would use the increased reven…

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