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Tuesday, May 12, 2020 | History

4 edition of Mineral resource taxation in Australia found in the catalog.

Mineral resource taxation in Australia

Lindsay Hogan

Mineral resource taxation in Australia

an economic assessment of policy options

by Lindsay Hogan

  • 330 Want to read
  • 15 Currently reading

Published by Australian Bureau of Aagricultural and Resource Economics in Canberra .
Written in English

    Subjects:
  • Mineral industries -- Taxation -- Australia.,
  • Mineral industries -- Australia.

  • Edition Notes

    StatementLindsay Hogan.
    SeriesABARE research report -- 07.1
    ContributionsAustralian Bureau of Agricultural and Resource Economics.
    Classifications
    LC ClassificationsHD9506.A72 H64 2007
    The Physical Object
    Paginationviii, 110 p. :
    Number of Pages110
    ID Numbers
    Open LibraryOL22518393M
    ISBN 101920925821
    ISBN 109781920925826
    LC Control Number2008396489
    OCLC/WorldCa225485185

    Resources Policy is an international journal devoted to the economics and policy issues related to mineral and fossil fuel extraction, production and journal content is aimed at individuals in academia, government, and/or industry. Submissions of original research are invited that analyze issues of public policy, economics, social science, geography and finance in the areas of mining. The Minerals Resource Rent Tax (MRRT) was announced in July as a replacement for the previously proposed Resources Super Profits Tax (RSPT) The RSPT proposal arose from the report in December of the Australia’s Future Taxation System .

      The Mineral Resource Rent Tax is a tax proposed by the government of Australia on the mining companies, which extract non-renewable resources in Australia. Such minerals include iron ore and coal. The reason for this tax is that the mining industry is getting a lot of money due to the increased global prices of minerals. Stock analysis for Mineral Resources Ltd (MIN:ASE) including stock price, stock chart, company news, key statistics, fundamentals and company ees: K.

    Australia is currently in the midst of another minerals boom, which is providing record levels of mineral royalties, especially to the resource rich states of Western Australia and Queensland, and high levels of company taxation to the Federal Government. New South Wales is also a major beneficiary with record production and shipments of coal. International Financial Reporting Standards (IFRS) provide the basis for financial reporting to the capital markets in an increasing number of countries around the world. Over countries either use or are adopting IFRS. Those companies already on IFRS have their own challenges as the pace of standard-setting from the InternationalFile Size: KB.


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Mineral resource taxation in Australia by Lindsay Hogan Download PDF EPUB FB2

The Minerals Resource Rent Tax (MRRT) was a tax on profits generated from the mining of non-renewable resources in Australia. It was a replacement for the proposed Resource Super Profit Tax (RSPT). The tax, levied on 30% of the "super profits" from the mining of iron ore and coal in Australia, was introduced on 1 July A company was to pay the tax when its annual profits reach $ Australia’s minerals industry is an exciting and vibrant sector with diverse jobs and opportunities to attract a wide array of talent Learn more The taxation of mineral resources has at least three dimensions of importance to host countries in the developing world: the level of taxation, the structure of taxation, and the transparency of the resulting revenue streams.

The first dimension – level of taxation – is somewhat surprisingly not always the most important subject Mineral resource taxation in Australia book discussion. COVID Resources. Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus.

A mineral tax is any tax, excise or other government-imposed fee on mineral resources, such as crude oil or taxation of minerals serves as a price to extract scarce resources, such as petroleum and crude oil, which are owned by the taxing minerals, the government is able to secure a certain share of the minerals.

Mineral taxes should possess neutral characteristics, to. Working in this tradition, scholars of Australian public policy have considered inter alia the introduction and reformulation of the Mineral Resources Rent Tax (MRRT) (Valle de Souza, Dollery.

A Guide to Canadian Mining Taxation. goes to press, two issues are capturing global attention. The first is base erosion and profit shifting (BEPS), a tax-specific ethical issue.

Governments are formally expressing concern about erosion of their tax bases by multinational corporations that can exploit inter-relationships and treaties among. MIneral royaltIes anD other MInIng-speCIfIC taxes MIneral taxes Mineral royalty and tax types and their characteristics As special taxes for the mining sector are, in principle, directed at the net value of the mineral resource after the deduction of costs of production including File Size: KB.

The minerals resource rent tax (MRRT) applies to certain profits from taxable resources extracted in Australia during the period 1 July to 30 September As a coal or iron ore explorer or producer, find out how MRRT may affect you during the period.

Source: Chart from Restructuring the Australian economy to emit less carbon, The Grattan Institute. Royalty. A royalty places an identical additional cost per unit of mineral product sold for all mines. In particular, mines for resource deposits with more or less favourable characteristics face the same additional special tax.

ce taxation and history 1. Australia has has five mineral resource booms 2. Booms part of Australia’s economy since s. Each boom has some debate over resource taxes 4. Gold rush – Eureka Stockade 5. Late s 2nd boom - Federation. s boom, 3rd Foreign Investment concerns 7. Late 70s Oil embargo, 4th boom, RRT debate.

Issues in Extractive Resource Taxation: A Review of Research Methods and Models Prepared by James L. Smith* Authorized for distribution by Michael Keen December Abstract This paper provides a conceptual overview of economists’ attempts to learn about the effects of taxes on extractive resources.

The emphasis is on research methods and. Methodologies in the valuation of mineral rights by E.V. Lilford* and R.C.A. Minnitt† Synopsis A number of countries have introduced codes governing the valuation of mineral assets and securities. The African continent will follow suit in due course considering the importance of the global minerals industry as it relates to the attraction of File Size: KB.

Mining Taxation in Canada The mining industry is a highly cyclical and capital-intensive, with a long lead time between initial investment and commercial production. Accordingly, the federal and provincial income tax and provincial mining tax systems treat exploration and other intangible mining expenses generously.

Mineral sector reform efforts have been initiated in many nations during the past decade. These efforts have resulted in new mining regulatory regimes in over nations.

As part of the reform process most nations have revisited the subject of mineral sector taxation, and the mix ofFile Size: 89KB. THE TALE OF TWO TAXES – A STUDY OF MINERAL AND PETROLEUM RESOURCE TAXATION IN AUSTRALIA A thesis submitted in fulfillment of the requirements for the degree of Masters in Sustainable Futures at the Institute for Sustainable Futures, University of Technology Sydney PRIMARY SUPERVISOR DAMIEN GIURCO (ISF, UTS).

Mineral Resources, Economics and the Environment Written for students and professionals, this revised textbook surveys the mineral industry from a geological, environmental, and economic perspective.

Thoroughly updated, the text equips readers with the skills theyCited by: as quite profi table in light of increased mineral prices. Argentina, for example, is considering increases to the mining tax rate and going beyond rates previously established by the Mining Investment Law.

Australia enacted the Mineral Resource Rent Tax effective beginning on 1 July, The Australian Minerals Resource. Resource taxation is a key concern for resource‐rich nations.

An especially thorny public policy question revolves around how resource taxation translates into benefits for affected communities. Geoscience Australia and its predecessors have prepared annual assessments of Australia’s mineral resources since Australia’s Identified Mineral Resources presents estimates of Australia’s mineral resources as at 31 December This national minerals inventory is based on publishedFile Size: KB.

Australia continues to rank highly for mineral exploration. Building Australia's Resource Wealth. Australia continues to rank as one of the most attractive regions in the world for mineral exploration investment, when both policy and mineral potential are considered, according to the Annual Survey of Mining Companies report released by the Canadian based Fraser Institute.The contributions in this book – by widely-The Taxation of Petroleum and Minerals There are few areas of economic policy-making in which the returns to good decisions are so high – and the punishment of bad decisions so cruel – as in the management of natural resource wealth.

Rich endowments of oil, gas and minerals have set some coun. Minerals Resource Rent Tax Act No. 13, as amended. Compilation start date: 1 July Includes amendments up to: Act No. 88, About this compilation. The compiled Act. This is a compilation of the Minerals Resource Rent Tax Act as amended and in force on 1 July It includes any amendment affecting the compiled Act.