Yesterday the cabinet members had the closed meeting. Unofficial information released today stated that the closed cabinet meeting discussed on the Oyu Tolgoi concilliatory agreement. Therefore we contacted D.Ganbold, CEO of Erdenes Oyu Tolgoi and OT BD member to clarify on this matter:
-First of all let me ask one question. Would anyone believe if someone reported that someone from the moon is to land on earth and kill everyone of us? First, one will think if anything of this kind is possible. If there are tax disputes then the certain entity will resolve their issues with the taxation authorities, there is no need for the Government to butt in. Concilliatory agreement is a similar thing. It is not discussed by the government. Yesterday's cabinet meeting haven't discussed anything related to it. Every Mongolian knows that there are disputes between the OT and Government of Mongolia.
-On zero-rating the USD 30 million?
-Both sides can reconcile. Even when the case is raised at court sides can reconcile. Oyu Tolgoi is paying its taxes.
Yesterday the cabinet members had the closed meeting. Unofficial information released today stated that the closed cabinet meeting discussed on the Oyu Tolgoi concilliatory agreement. Therefore we contacted D.Ganbold, CEO of Erdenes Oyu Tolgoi and OT BD member to clarify on this matter:
-First of all let me ask one question. Would anyone believe if someone reported that someone from the moon is to land on earth and kill everyone of us? First, one will think if anything of this kind is possible. If there are tax disputes then the certain entity will resolve their issues with the taxation authorities, there is no need for the Government to butt in. Concilliatory agreement is a similar thing. It is not discussed by the government. Yesterday's cabinet meeting haven't discussed anything related to it. Every Mongolian knows that there are disputes between the OT and Government of Mongolia.
-On zero-rating the USD 30 million?
-Both sides can reconcile. Even when the case is raised at court sides can reconcile. Oyu Tolgoi is paying its taxes.