Australia says new mining tax raised $131 mn in first six months
Treasurer Wayne Swan announced the amount in a statement on Friday. Treasury had forecast that the tax on the super profits of iron ore and coal miners would raise A$2 billion over the full fiscal year to end June 2013.
"It's clear revenues from resource rent taxes have taken a massive hit from the impact of continued global instability, commodity price volatility and a high dollar," said Swan.
Be the first to comment.