Iron-ore tax a 'gold-plated gift to competitors'

A new study has revealed that plans to increase taxes on Western Australian iron-ore by another A$7.2-billion will make the nation the world’s highest taxing iron-ore jurisdiction, with a an effective tax rate on iron-ore three times larger than its main competitor, Brazil. In releasing the data on Monday, the Minerals Council of Australia (MCA) and the Chamber of Mines and Energy of Western Australia (CME) said in a joint statement that the study debunked claims by new Western Australian National Party leader Brendon Grylls that the iron-ore sector was lightly taxed.