The National Party wants a new levy on Rio Tinto and BHP to subsidise tax breaks for smaller businesses ©Press Association Images

Controversial plan unveiled to raise AUS$7bn with tax on miners

posted by Francis Churchill

in Supply chain

15 August 2016

The new leader of the National Party in Western Australia (WA) wants to raise $7.2bn over the next three years by increasing taxes on two of the country’s largest mining companies.

The policy would increase the extraction levy paid on iron ore by Rio Tinto and BHP Billiton (BHP) to the state from 25 cents a tonne to AU$5.

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Controversial plan unveiled to raise AUS$7bn with tax on miners

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