News | 16th Apr, 2013

Miners prepare for worst from budget

16 April 2013
Mark Ludlow, AFR
Australia's resources sector is preparing to be slugged in next month's federal budget, amid fears an 
increased tax hike could hinder the sector's recovery. 
Queensland Resources Council chief executive Michael Roche told a tax conference in Brisbane on 
Monday that miners hit by royalty rises in Queensland and Western Australia in recent years feared the 
worst about the May budget, saying there appeared to be a "desperate rush for cash". 
"Somewhere between thin capitalisation rules, accelerated depreciation, exploration deductibility and fuel tax credits a pocket is waiting to be picked," Mr Roche told the Minerals Council tax conference.
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