MANAGEMENT

Qld coal tax chaos

QUEENSLAND Resources Council chief executive officer Ian Macfarlane has lashed the Queensland government for throwing the state’s investment environment “into chaos” with its coal royalty tax tiers, which will cost coal producers an extra $5 billion in 2023.

QRC CEO Ian Macfarlane

QRC CEO Ian Macfarlane

Queensland's government announced last year it was adding three higher tiers to the state's royalty tax system, with initial estimates showing coal producers would be slugged an extra $800 million. ...

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