By increasing the royalty to above 30 percentage, the impact is on company tax paid on profit. This is transfer of benefits from federal to state. Considering that the coal producers in QLD are impacted by increasing the royalty, first objection should be from Federal Govt and other states. A similar royalty increases from other states will impact the budget of Federal Govt seriously. Other states which are not adversely increasing the royalty should look at the distribution of Federal GST specifically NSW and Victoria.
Mining is still a major contributor of wealth for Australia and people should be appreciative and thankful to the sector.
DYOR
By increasing the royalty to above 30 percentage, the impact is...
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