this post was submitted on 25 Nov 2024
29 points (100.0% liked)
Australian News
556 readers
63 users here now
A place to share and discuss news relating to Australia and Australians.
Rules
- Follow the aussie.zone rules
- Keep discussions civil and respectful
- Exclude profanity from post titles
- Exclude excessive profanity from comments
- Satire is allowed, however post titles must be prefixed with
[satire]
Recommended and Related Communities
Be sure to check out and subscribe to our related communities on aussie.zone:
- Australia
- World News (from an Australian Perspective)
- Australian Politics
- Aussie Environment
- Ask an Australian
- AusFinance
- Pictures
- AusLegal
- Aussie Frugal Living
- Cars (Australia)
- Coffee
- Chat
- Aussie Zone Meta
- bapcsalesaustralia
- Food Australia
Plus other communities for sport and major cities.
https://aussie.zone/communities
Banner: ABC
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this will be news to the majority of Australians*
Company taxes paid reached a new record high of $26.5 billion and royalties also reached a high of $16.7 billion in 2020-21, contributing significantly to federal, state and territory governments at a time when they needed it most during the COVID-19 pandemic.
The record company and royalties payments are highlighted in an Ernst & Young report commissioned by the Minerals Council of Australia, which also shows that in the last decade (between 2011-12 and 2020-21), the mining industry contributed $254 billion in company taxes and royalties ($142 billion and $112 billion respectively).
The industry in Australia continues to pay the highest average wages, the most company taxes, delivers the most export revenue and is critical to supporting regions and communities – supporting 1.1 million jobs in the mining industry and its supply chains.
https://miningmagazine.com.au/mining-industry-records-43-billion-paid-in-company-tax-and-royalties/
I cannot believe you would be silly enough to say mining doesn't contribute to the Australian economy
https://www.dfat.gov.au/sites/default/files/australias-goods-services-by-top-25-exports-2022-23.pdf
It's our number 1,2 and 3 highest exports lmao