Category Archives: Mining Tax

Fact checking a Greens mining-tax claim

Posted on April 29, 2013 by Sinclair Davidson

I’ve just watched NSW Greens MP Cate Faehrmann making the claim that Australian miners pay the lowest corporate income tax amongst Australian industry. But that simply false. Last year I calculated the average tax rates for Australian industries using ATO … Continue reading →

Posted in Mining Tax | 32 Comments

Treasury and Tax Expenditure Statements

Posted on April 4, 2013 by Sinclair Davidson

David Uren has an article in The Australian were he points out some of Treasury’s failings in the past few years. LABOR backbenchers could be forgiven for thinking that Treasury has a hex on them. Before the 2010 election, it … Continue reading →

Posted in 2013 election, Budget, Mining Tax, Superannuation, Taxation | 15 Comments

Keep mining strong

Posted on April 2, 2013 by Sinclair Davidson

New ad campaign starts tomorrow.

Posted in Mining Tax | 122 Comments

Ferguson and mining

Posted on March 27, 2013 by Sinclair Davidson

Yesterday the AFR ran an astonishing op-ed by Richard Denniss. Basically putting the boot into Martin Ferguson. Read the whole thing if you can stomach it – I’ll just extract a section: Martin Ferguson’s legacy is a budget short of … Continue reading →

Posted in Economics and economy, Mining Tax, Taxation | 145 Comments

Nostalgia for the RSPT

Posted on February 28, 2013 by Sinclair Davidson

I have an op-ed in The Australian this morning: The MRRT experience has been so bad that there is now some nostalgia for the ill-fated resource super profit tax. Unlike the MRRT, we’re told, this tax had teeth and would … Continue reading →

Posted in Mining Tax | 20 Comments

How much tax do miners pay?

Posted on February 20, 2013 by Sinclair Davidson

Yesterday on Twitter Rob Oakeshott asked the question: Australian miners do not pay 13% – 18% as an effective tax rate. In an analysis published last year by the MCA I calculated the effective tax rate miners pay. If you … Continue reading →

Posted in Mining Tax | 157 Comments

When crazy theory meets the wind shield of reality

Posted on February 18, 2013 by Sinclair Davidson

The mining tax was a dumb idea – it always was. It was predicated on at least two heroic assumptions – that rent exists and that rent could be sufficiently well defined to form a tax base. To deliver the … Continue reading →

Posted in Mining Tax | 87 Comments

No RSPT for the MRRT

Posted on February 16, 2013 by Sinclair Davidson

I’ve spent a delightful morning reading all about the fall-out from the mining tax. Both The Australian and the Financial Review have several stories – all critical of the tax and Wayne Swan. A new meme seems to be developing … Continue reading →

Posted in Mining Tax | 118 Comments

$126 million goes a long way

Posted on February 11, 2013 by Sinclair Davidson

Julia Gillard announces the MRRT The MRRT passes the Senate

Posted in Mining Tax | 11 Comments

Stop the Presses! Mining tax has a design flaw

Posted on February 11, 2013 by Sinclair Davidson

On July 3, 2010 we reported that the MRRT would raise little revenue. We have repeated that claim several times. Most recently on November 1, 2012. We now know that the MRRT raised $126 million in its first six months … Continue reading →

Posted in Mining Tax | 27 Comments