WESTERN AUSTRALIAN MINING ALREADY PAYS ONE OF THE HIGHEST TAX & ROYALTY RATES IN THE WORLD.
The Nationals want to raise it even higher.
THE WORLD’S BIGGEST IRON ORE MINING
TAX WILL MAKE WESTERN AUSTRALIA UNCOMPETITIVE.
The iron ore taxes and royalties paid by BHP Billiton and Rio Tinto average $19 per tonne. The current rate makes the taxes and royalties paid in Western Australia among the highest in world1. Increasing taxes even further is a reckless proposal that will risk future investment, new projects and jobs.
WHAT’S AT RISK?
MINING SUPPORTS REGIONAL WA.
In the last decade alone, BHP Billiton and Rio Tinto have contributed A$24 billion in WA State royalties, the equivalent of 200 new schools and 20 new hospitals. It’s important this contribution continues and grows.
Giving Western Australia the highest iron ore mining tax in the world will put so much at risk for both current and future generations.
THE NATIONALS PROPOSAL WILL MAKE WESTERN AUSTRALIA UNCOMPETITIVE AT A TIME WHEN WE NEED MORE INVESTMENT, MORE PROJECTS AND NEW JOBS.
1Update of Effective Tax Rates on Australia Mining and an Evaluation of Proposed Increases in Taxation of Iron Ore - Minerals Council of Australia, 2016.
HIGHER THAN BRAZIL.
Our iron ore royalties are already four times higher than our biggest competitor, Brazil.
The proposed mining tax will make them seven times higher, and will only help countries like Brazil increase their market share at WA’s expense.
RAISING IRON ORE TAXES WOULD MEAN MORE CUTS TO WA’S GST PAYMENTS. AS MUCH AS $9 OUT OF EVERY $10 RAISED WOULD GO TO THE EASTERN STATES.
IN WESTERN AUSTRALIA:
TO SUPPORT WESTERN AUSTRALIA’S IRON ORE INDUSTRY CLICK HERE.
2 OUT OF 3 WA REGIONAL COMMUNITIES BENEFIT FROM MINING
1 IN 4 WA JOBS BENEFIT FROM MINING
OVER 300,000 WA FAMILIES BENEFIT FROM MINING