ICMM’s 2024 Tax Contribution Report details the significant economic contributions made by its members to national economies and local communities of host countries.
ICMM Members’ Tax Contribution: Focusing on corporate income tax and royalties – 2024 update
3 February 2025
The 2024 Tax Contribution Report examines corporate income tax and royalty payments, wages, supplier payments, and community investments, demonstrating how ICMM members support national economies and local communities in more than 50 host countries.
- Responsible mining continues to make significant contributions to the national economies of host countries, supporting essential services, infrastructure and social development.
- ICMM members report US$42.0 billion in tax and royalty payments to host countries in 2024, comprised of $28.6bn in corporate income tax (CIT) and $13.4bn in royalties.
- Despite lower pre-tax profits in 2024, CIT and royalty payments increased as a proportion of profits, meaning that for every dollar of profit generated by ICMM members, a greater share was returned to the public finances.
- Additional socio-economic contributions include supporting 609,300 jobs, US$ 41.1bn in wages and related payments, US$203.8 bn paid to suppliers, and US$1.5bn invested in community and social programmes.
- Since 2013, ICMM members have reported US$367.6bn in total CIT and royalty payments. Compared to total adjusted profits of US$986.3bn reported over the same period, this translates to US$36 out of every US$100 of profit earned by members being paid in CIT and royalties.
- ICMM’s Tax Contribution Report underscores our members’ commitment to tax transparency and open, fact-based debate on tax policy.
ICMM members’ tax contribution reports
ICMM Members’ Tax Contribution: Focusing on corporate income tax and royalties – 2024 update
ICMM Members’ Tax Contribution: Focusing on corporate income tax and royalties – 2023 update
This report focusses on Corporate Income Tax and Royalties, showing members’ tax contributions made up to the financial year ended 30 June 2023. It also provides insight into ICMM members’ broader social economic contributions.
ICMM Members’ Tax Contribution: Focusing on corporate income tax and royalties – 2022 update
This report focusses on Corporate Income Tax and Royalties, showing members’ tax contributions made up to the financial year ended 30 June 2022. It also provides insight into ICMM members’ broader social economic contributions.
ICMM Members’ Tax Contribution Report: 2021 update
This report contains the corporate income tax (CIT) and royalties paid by ICMM members in the accounting period from June 2013 to June 2021.
ICMM Members’ Tax Contribution Report: 2020 update
Detailing the tax and royalties paid by ICMM members over the last eight years.
ICMM Members' Tax Contribution Report: 2019 update
Detailing the tax and royalties paid by ICMM members between 2013 and 2019.
ICMM Members' Tax Contribution: Focusing on corporate income tax and royalties
This report shows the amount of tax and royalties paid by ICMM members between 2013 and 2017.
