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Special Taxation of the Mining Industry

John Freebairn and John Quiggin ()

No 151525, Risk and Sustainable Management Group Working Papers from University of Queensland, School of Economics

Abstract: The 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).

Keywords: Public Economics; Resource /Energy Economics and Policy (search for similar items in EconPapers)
Pages: 28
Date: 2010
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Journal Article: Special Taxation of the Mining Industry (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uqsers:151525

DOI: 10.22004/ag.econ.151525

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