Fossil fuel pays its own way.
A new report has found that Australia’s mining companies paid $74 billion in taxes and royalties in the 2022-23 financial year.
The latest Ernst & Young royalty and company tax payments report, commissioned by the Minerals Council of Australia (MCA), found that the sector contributed $42.5b in company tax and a decade-high $31.5b in royalties for 2022-23.
The $74b paid to federal, state and territory governments is an increase of $9.3b from the previous year.
https://[email protected]/mining-sector-fuels-australian-economy-taxes-royalties-paid-fy23/
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