
High Court dismisses mining tax challenge
FORTESCUE Metals Group has lost its High Court challenge against the Minerals Resource Rent Tax (MRRT), with the court rejecting the miner’s claims that the tax was ‘unconstitutional’. Fortescue was left “disappointed” when the court unanimously dismissed the argument that the tax discriminated between states and interfered with their government rights. “Fortescue challenged the MRRT because it was an unreasonable intrusion into an area of state responsibility and that it was also an unfair, discriminator and complex tax,” Fortescue chief executive Nev Power said. The ruling stated that “the treatment of state mining royalties by the MRRT Act…did not discriminate between states and the Acts did not give preference to one state over another”. Mr Power said the mining industry…