Target $9.36, page-993

Coal is by far the biggest royalty payer to the QLD State coffers, and helped form an apparent surplus to the QLD State Budget (whilst the QLD State Government have continued their reckless binge spending habits). Now... they slug Coal Miners with a big increase to royalties. Like they're not getting enough already, ~15% for doing nothing but stand in the way of everything and everything coal related...

Government aye! They always go chasing whoever has money to infill the voids in their own reckless budget...

The taxes in Australia are already sky high;

- Business Tax 30%
- Payroll Tax 4.95% (QLD)
- Royalties, perhaps now 20-30%
- PAYG tax for the thousands of highlight paid mining employees
- Other rates and duties for export and import to do business

The economy will perhaps eventually grind to a halt, covered in red tape and taxes.