This study addressed…the impact of royalty taxes on the investment climate, civil society, and markets…Governments that impose royalty taxes should…Implement a system or systems that are transparent…Select a royalty method or methods that are suitable for efficient and effective administration within the capacity of the tax-collecting authority…the aim should be for revenues generated by the mining sector to contribute to economic growth and social development. Particularly in developing countries, a lack of accountability and transparency in such revenues often exacerbates poor governance and contributes to corruption, conflict, and poverty. To that end, the Extractive Industries Transparency Initiative (EITI)…is a process by which countries and companies voluntarily agree to systematically record and disclose the revenues paid by extractive industry companies and received by governments.