Tim Law: Why Tax Is the Most Powerful Word in Mining 

Why Tax Is the Most Powerful Word in Mining 

Tim Law is a chartered accountant and tax expert who spent nearly two decades in corporate tax teams, twelve of them inside a major mining company. What makes him worth hearing is where that path led - from tax returns to the murkier questions of who owns, controls and benefits from the world's mineral wealth. 

His argument starts somewhere unexpected: tax, he says, is the least boring subject in mining, because it is where the balance between risk and reward is settled between companies and the countries they operate in. From there the conversation widens into corruption, which Tim traces not to weak regulation but to two stubborn human forces, greed and inequality. Companies don't take bribes, he points out; people do. 

Along the way he unpacks beneficial ownership (identifying the real people behind a company) and contract transparency (why public deals are negotiated differently). Expect candy-shop money laundering, a potato-buying scandal, an airport shakedown he talked his way out of, and a warning about the corners being cut in the rush for critical minerals. 

Produced by Critical Productions. Learn more at responsiblerawmaterials.com