Forrest loses High Court challenge to mining taxBy Elizabeth...

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