Forrest loses High Court challenge to mining tax
By Elizabeth Byrne
Posted 6 hours 30 minutes ago | Updated 1 hour 18 minutes ago
Billionaire mining magnate Andrew Forrest has lost his High Court challenge to the Minerals Resource Rent Tax.
Mr Forrest and his Fortescue Metals Group had argued the tax discriminated between states and interfered with the rights of states to control their own mineral resources.
The court unanimously rejected the challenge, saying the act does not give preference to one state over another, and ordered Mr Forrest to pay costs.
Federal Treasurer Chris Bowen welcomed the decision and reaffirmed the Government's commitment to the tax.
abc.com.au
- Forums
- Political Debate
- blow to libs elections hopes
blow to libs elections hopes
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online