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US drafting rules to plug coal royalty loophole
Published Mon, Oct 27, 2014 · 09:50 PM
Washington
THE US government is drafting rules designed to close an accounting loophole that in recent years has helped coal companies boost export profits and likely cost taxpayers tens of millions of dollars, people familiar with the plan said.
American taxpayers by law are due a 12.5 per cent royalty on the sales of mill…
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