MINING TAXES HELP KEEP OUR ECONOMY STRONG —

© 2017 Minerals Council of Australia


Sources: The Whole Story – Minerals Council of Australia, Feb 2016

 


$177 BILLION
THE AMOUNT OF TAX AND ROYALTIES THE AUSTRALIAN MINING INDUSTRY HAS PAID IN THE DECADE TO 2015/16.


THE AMOUNT OF TAXES AND ROYALTIES THE AUSTRALIAN MINING INDUSTRY PAID THAT WENT TO FEDERAL AND STATE GOVERNMENT COFFERS IN 2015/16 ALONE.


HOW MUCH DOES MINING GIVE BACK IN TAX FOR EVERY DOLLAR EARNED?


More than half of every dollar mining earns is returned to the Federal government in company tax, and to the various state governments in royalties, where it is used to help build and maintain community infrastructure, support services such as schools, universities, libraries, museums, healthcare and other vital national and local amenities.

Thanks in part to the contribution made by mining taxes to the national economy, every Australian is better off than they were before the mining boom began. In fact, the mining boom created 150, 000 jobs, according to Reserve Bank analysis. The industry’s tax contribution over the last decade is equivalent to Federal government spending on schools and higher education.

THE TAXES PAID BY MINING CONTINUE TO
DELIVER ECONOMIC AND FINANCIAL SECURITY AND MAKE A BIG DIFFERENCE TO YOUR FUTURE AND AUSTRALIA’S.

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Sources: Deloitte