The government's proposed $7-billion tax break for nickel and lithium projects has drawn the ire of Opposition Leader Peter Dutton, but the measure has broad support in Western Australia, including from one Liberal MP.
The resources sector has welcomed $7 billion in tax credits for critical minerals projects.Proposed tax breaks designed to encourage the next boom in critical minerals have been rejected by the Coalition as "billions for billionaires", sparking a war of words between Opposition leader Peter Dutton and Western Australia's premier.
Federal Opposition Leader Peter Dutton said critical minerals projects should be able to stand on their own. The soundbite, "billions for billionaires", belongs to Opposition treasury spokesperson Angus Taylor, but Mr Dutton made the party's position clear. "We are committed to job and industry and new industry in Western Australia and that is my position."31 metals listed on the federal government's critical minerals list
In the past few months, several nickel producers in Western Australia have scaled back or are going into care and maintenance.on Wednesday, federal Resources Minister Madeleine King described the tax incentives as "the most significant investment in the resources sector of any Commonwealth government".
Federal Budget Peter Dutton Ardea Resources Alliance Nickel Nickel Tax Credits Andrew Forrest Nickel Mining Lithium Mining Mining Jobs Wa News Perth News Nickel Jobs
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