Treasurer Cameron Dick says miners will pay more tax on each tonne of coal sold next financial year
Coalminers say they are in the dark about how much tax they will be paying inAhead of the 21 June budget, Queensland’s treasurer, Cameron Dick, said miners will pay more tax on each tonne of coal sold, known as royalties, next financial year.“It’ll be fair for the industry, but very importantly it’ll be fair for the people of our state,” Dick told reporters on Thursday.
“ flies in the face of premier Annastacia Palaszczuk’s promise to be an open and transparent government,” the QRC said Thursday.The QRC has warned that a royalty hike would scare away foreign investors, which Dick denied.“But the point of being a friend, and the value of friendship, is being able to tell the truth,” Dick said.Taxes on bets taken by gambling firms will also rise, from 15% to 20%, on 1 July.
That will allow $200m to be spent on new roads, sewerage systems and other infrastructure in the state’s southeast.“Once that infrastructure is there, developers tell us that they will be able to open up those lots,” Miles told reporters.Sign up to receive an email with the top stories from Guardian Australia every morning