MINING TAX RATIOS REVISITED

In this MCA Monograph, Chris Richardson (one of Australia’s best known economists) delves into the official figures that drove the 2010 mining tax debate.  He finds some of them hard to replicate, especially the profit figures for 2008-09.

His update of mining tax ratios is just as revealing. Not only did mining tax ratios never fall far, they’ve actually headed up over recent years rather than down, as profits have fallen and states have increases royalty rates. Public perception may not have yet caught up, but mining tax ratios are at or above their longer term average.

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