Media Releases


MINERALS INDUSTRY TO PAY A RECORD $23.4 BILLION IN TAXES + ROYALTIES: 2010-11

The minerals industry is expected to pay a record $23.4 billion in taxes and royalties to Federal and State Governments in 2010-2011 new research from Deloitte Access Economics (DAE) shows. Minerals sector company tax is expected to reach $14.6 billion in 2010-11, exceeding the previous peak of $13.2 billion in 2008-09 and 42 per cent above average company tax payments of the previous three years.

MCA - Quarterly economic Brief • Winter 2011

Global growth moderated in the June quarter 2011. Weaker activity in the United States, output disruption following the March earthquake and tsunami in Japan and debt problems in Europe acted as a drag on recovery among advanced economies. Emerging economies in Asia, particularly China, continue to underpin world economic growth, though there are signs of slowing activity due to monetary tightening.

AUSTRALIAN TRADE AND INDUSTRY ALLIANCE CARBON TAX ADVERTISING

The Minerals Council of Australia (MCA) has joined a coalition of six industry associations supporting an advertising campaign to provide Australians with the key facts about the Government?s proposed carbon tax. The Australian Trade and Industry Alliance is a group of industry associations with a common goal of communicating important information to all Australians about the impact and the consequences of the proposed carbon tax.

Industry Concerned at NT Government Response to Carbon Tax

The Minerals Council of Australia ? NT Division today outlined its concern at the stance taken by the Northern Territory Government in its support of the carbon tax while the government itself was still struggling to come to terms with the impact of the tax on the Territory economy.

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