Article courtesy of the West Australian.
Mining companies have launched an advertising blitz that draws a link between Federal Government spending and the industry’s record taxes and royalties.
The national campaign by the Minerals Council of Australia comes ahead of the Government’s second round of industrial relations reforms and changes to environmental approvals.
The first advertisement, “Australia does well when Australian minerals do well”, released on Sunday night, links mining’s $63 billion in taxes and royalties to Government funding for hospitals, public transport, schools, clean energy and infrastructure.
The video also shows that mining pays Australia’s highest and largest taxes, which equals one-third of all company taxes.
MCA chief executive Tania Constable said the taxes and royalties paid in 2021-22 were the “equivalent of paying for the entire Medicare scheme or the childcare subsidy for two years”.
“Minerals have helped propel our economy forward, boosted economic opportunity and freedom, and enabled the Governments to invest in the things that really matter: families, communities and vital services,” Ms Constable said.
