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The Feds can issue permits to export, and the price they charge...

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FredR

425 Posts.

28/05/22

08:52

Post #: 61675355
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Originally posted by moorookamick: ↑

The Comm Government cant impose a mining tax unless the resource is off-shore.
Mining taxes can only be imposed by the States -who own the minerals underground-
in the form of "Royalties"

The original MRRT that Abbott scotched (bought by the miners 2013 financed election campaign)
was a tax on profits & not a mining tax per se.

The UK Government has just imposed a "Windfall" tax on Oil Companies in order to finance
Government consumer subsidies on oil & energy.

Keep in mind that the Poms have a Conservative Government; not a Labor one.

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The Feds can issue permits to export, and the price they charge for those permits is up to them.
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