Special Taxation of the Mining Industry
AbstractThe mining industry in Australia, and in most other countries, pay special taxes for the use of community owned resources in additional to taxes levied on businesses in general. General taxes include the corporate income tax, payroll and transaction taxes, and labour pay personal income taxes. In the states and territories the additional tax in most cases takes the form of a royalty levied as a tax on production, either as a specific tax per unit of production or as an ad valorem percentage of the value per unit mined. Details are in The Treasury (2008). In the case of offshore energy resources, the commonwealth imposes a special tax either as a royalty or as the petroleum resource rent tax (PRRT) (The Treasury, 2008).
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Bibliographic InfoPaper provided by Risk and Sustainable Management Group, University of Queensland in its series Australian Public Policy Program Working Papers with number WPP10_3.
Date of creation: Dec 2010
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Other versions of this item:
- John Freebairn & John Quiggin, 2010. "Special Taxation of the Mining Industry," Economic Papers, The Economic Society of Australia, The Economic Society of Australia, vol. 29(4), pages 384-396, December.
- Freebairn, John & Quiggin, John, 2010. "Special Taxation of the Mining Industry," Risk and Sustainable Management Group Working Papers, University of Queensland, School of Economics 151525, University of Queensland, School of Economics.
- Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
- H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
This paper has been announced in the following NEP Reports:
- NEP-ACC-2011-04-09 (Accounting & Auditing)
- NEP-ALL-2011-04-09 (All new papers)
- NEP-ENE-2011-04-09 (Energy Economics)
- NEP-PUB-2011-04-09 (Public Finance)
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