Mining industry is nation’s biggest taxpayer
Mining industry is nation’s biggest taxpayer The latest Australian Tax Office (ATO) Tax Transparency Report shows that the nation’s mining industry is the biggest taxpayer for the second consecutive year. With a total of $43.1b in company tax paid, along with $31.5b in royalties, the mining sector paid a combined $74.6b in FY23. Minerals Council of Australia chief executive Tania Constable comments on this. “Mining companies make up more than half of Australia’s top 20 largest taxpayers, with Rio Tinto, BHP, and Glencore taking the top three spots,” she said. “In 2022-23, the...