shadows miner
as croc dundee would say

tax...thats not a tax

[to quote]...paul l
<<the royalty rates..for iron ore are 2.5% of value...>>

shadow...lest we forget we got a tax on goods and services..of 10 percent...that they hope to raise up to 13 percent

lest we forget the exize tax..on fuel
[not farmers or miners of course]
how much that TAX run at?

then we got the smokers tax
NOW THATS A REAL TAX

we got capital..gains tax
what are miners doing if not making a gain..on their BORROWED capital

mate your defending the indefensable
govt should be doing the MINING ITSELF
then we would get the gross proffits..instead of ever more REAL TAXES

even the royalties on coal is a joke
especially in light of the 2 billion SUBSIDY..nsw put into the sale of their coal stations...somehow..CRYING POOR MATE..its pathetic

if mining isnt giving back..more than its costs
its a quango...[and its costing us heaps]..polution..leaving abandoned mines..spoil heaps..just think of asbestos-mine[spoil heaps]..still sitting there AS JAMES HARDLY LEFT IT

before running away to amsterdam
and even then their fund ...for victims..Needs a govt top up

LET NOT GET INTO THE RESIDUE OF THE GREAT CHEMICAL INDUSTRIES..POLUTING THE MANY RIVERWAYS ARROUND SYDNEY

BAH
MAKE MINERS PAY A real TAX

ITS COSTING US THE EARTH
for what..so polititions can get some policical gains

im still cursing ana blight selling out to clive palmer
and the half a BILLION...john howhard..and peter beatup EACH gave for a magnesia-plant..in gladstone..[that NEVER EVEN GOT BUILT]

im over govt quango's
over coorupt polutions
condoned and subsisised..by polititions..from the public purse

MAKE THE B"S PAY
what about keping the bar stewards honest...[there is no such thing]

*Did you know that the royalty rates for iron ore are 2.5% of value*

PaulL, I think you have the incorrect rate there. Its more like
5-7% in WA, where nearly all the iron ore is mined.

http://www.minterellison.com/public/connect/Internet/Home/Legal%2BInsights/Newsletters/Previous%2BNewsletters/A-ERU3%2Bmining%2Broyalties%2Boverview/

Colin Barnett is correct in not handing over his right to collect
royalties. As it is, WA gets back only about half of the GST that
we pay. Given the urgent infrastructure for growth required,
it stinks, it really does.

Canberra has long treated WA as little but a cashcow. If they keep slicing
more, we might as well just send our tax cheques to Perth rather
then Canberra. We'd be better off without the burden of the Eastern
States, we really would.

Shadow minisiter.

A tax may be defined as a "pecuniary burden laid upon individuals or property owners to support the government […] a payment exacted by legislative authority."[1] A tax "is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority

A royalty is a ROYALTY. It is a usage right. It applies when one party (the owner) licenses another (the user) to use/sell the property of the owner.

The fundamental difference between a royalty and a tax is that in the case of the former, the foundation of the economic activity is the ownership of the asset. In the latter, the gov't tithes individuals and corportaions independent economic activity.

No other business calls the actual cost of its raw materials, a tax.

We build switchboards. The money we pay for sheetmetal isn't tax.

If we were allowed to claim the cost of our inputs as a tax, then it would look like we were paying a lot of tax too.

Yabby and others,

Apologies for the inncorect rate on iron ore. I was looking at the qld gov't royalty rates. It is more like 7.5%.

PaulL,

You give the definition of a tax, and then completely fail to show how the royalty differs.

The royalty is a tax per ton of ore removed, irrespective of the quality. The Henry review recommended changing the mining tax regime from a royalty basis to a tax on profits, which is why the royalties are credited against the MRRT.

Next you will be saying stamp duty is not a tax.

Please provide one reference to support your view.

royalty...is a tithe..payed to the crown

much like patent right..its a condition by which they have authority to collect the wealth..of the common weal

is regestration a tax?
is patent fees a tax?

can we put gst..tax on a tax
sems we have a term...that is used by legal right
but needs cleaning up

for a start lets mandate..all royalties be the same..globally
set at the tithe rate..10 percent

so the answer is clear
federal govt initiates a new tax
the royalty balincing tax

where all royalties are frozen..to the state..as is
and federal govt collects..the top-off balancing royalty tax

that makes all royalty/rates..top off at an equal 10 percent..
right across the common wealth..regardless of what the state royalty rate is..ON EVERY item..that belongs to the people

regardless if it be mineral..vegetable or animal..air or water

we are either all equal..or we arnt

have you noticed..*the NEW*..tax

seems were all going to get..[next year]..
a NEW TAX..60 dollars..on our POWER BILLS

to cover the cost..of the federal renewable energy SCEME

great scam...even the least users pay 60 bucks
and the biggest users pay 60 bucks

thats whats wrong with govt
my electicity bill is going to double
and to..those..USING THE MOST POWER...its a fraction..
of their HUGE abusive power usage...thats whats wrong with govt

the poor ned to pay the same as the rich

it SHOULD BE..
the MORE*..YOU USE..
the MORE ..*YOU pay..

but no...[i have no income..yet need to raise 60 bucks just the same
on top of allready increased electrick power charges

and none of the party machine men give a hoot
damm them all to hell