Abstract
The new Minerals Resources Rent Tax will affect those mining companies extracting iron ore and coal from the land. Although the tax will not commence until 1 July 2012, current mining projects will be also be affected and brought within the regime. This article examines the effect of this tax on the existing mining rights held by miners and explores how such a tax impacts on the property rights inherently held within such mining rights.
Original language | English |
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Pages (from-to) | 88-90 |
Number of pages | 3 |
Journal | Taxation in Australia |
Volume | 45 |
Issue number | 2 |
Publication status | Published - 2010 |
Keywords
- mineral industries
- taxation