Mining paying the way

THE latest minerals industry tax survey by KPMG on behalf of the Minerals Council of Australia reveals the industry has a total tax take ratio of about 44%, well above the average for all other industries.

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The writing is on the wall. Mining is paying the way.

The total tax ratio is calculated by adding company income tax and royalty payments and dividing that by the sum of the taxable income - or loss - and royalty payments.