Pilbara in Western Australia would be hardest hit by the $2.3bn tax increase ©Press Association Images
Pilbara in Western Australia would be hardest hit by the $2.3bn tax increase ©Press Association Images

Iron ore tax will cost 7,000 jobs

14 November 2016

A proposed new tax on iron ore in Australia will lead to the loss of more than 7,000 jobs across the country, according to research.

The study, commissioned by the Minerals Council of Australia and carried out by Deloitte Access Economics, found most jobs would be lost – 3,400 – from the Western Australian economy, with a further 2,900 lost in the state’s Pilbara region, where much of iron ore mining is based.

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