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Economic prosperity of the gold-mining industry in Australia and the consequent gold tax

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  • Reza Mohammed Monem

Abstract

Income from gold mining in Australia was declared tax-exempt in 1924. This tax-exempt status was removed and tax on income from gold mining was imposed in 1988 with effect from 1 January 1991. This paper documents the political process that led to the imposition of this tax. It provides evidence that rapid prosperity of the Australian gold-mining industry in the 1980s led to increased political sensitivity and removal of the industry's tax-exempt status of nearly seven decades.

Suggested Citation

  • Reza Mohammed Monem, 1999. "Economic prosperity of the gold-mining industry in Australia and the consequent gold tax," Accounting History Review, Taylor & Francis Journals, vol. 9(3), pages 307-323.
    • Handle: RePEc:taf:acbsfi:v:9:y:1999:i:3:p:307-323
    DOI: 10.1080/095852099330232
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    References listed on IDEAS

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    1. R. M. Conlon, 1994. "An Overview of Protection of Australian Manufacturing: Past, Present and Future," The Economic and Labour Relations Review, , vol. 5(1), pages 137-153, June.
    2. Levine, Michael E & Forrence, Jennifer L, 1990. "Regulatory Capture, Public Interest, and the Public Agenda: Toward a Synthesis," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 6(0), pages 167-198.
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    Cited by:

    1. Malcolm Anderson, 2000. "Accounting History Publications 1999," Accounting History Review, Taylor & Francis Journals, vol. 10(3), pages 385-393.

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