"Commissioned by the Minerals Council of Australia"....... yeah right ! A multinational consultancy would not tell fibs now would they ?????
The tax numbers produced by EY are derived from the ATO’s Corporate Tax Transparency data and, while their methodology differs somewhat from that of Deloitte’s last year, the report still fails to disclose the GST refund the minerals industry enjoys.The report avoids mentioning that the mining industry, as an exporting industry, legitimately receives a huge GST refund every year.A different set of ATO data, the Taxation statistics 2019-20 reveals that over $7.5 billion was refunded to the mining industry as a whole in 2019-20 which is the latest year that data is available.
