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Minerals resource rent tax Australian Taxation Office

The minerals resource rent tax (MRRT) applies to certain profits from taxable resources extracted in Australia during the period 1 July 2012 to 30 September 2014. As a coal or iron ore explorer or producer, find out how MRRT may affect you during the period.

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INSIGHT: Resource Capital Funds Court

A series of tax decisions in Australia over the last several years involving Resource Capital Funds (RCF), a mining-focused private equity firm and its corporate limited partnership (CLP) entities, has been closely followed by Australian and global taxpayers and tax authorities alike.

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Taxation and Investment in Australia 2018

2020-5-9  The currency in Australia is the Australian dollar (AUD). 1.3 Banking and financing Australia has a competitive banking system and a wide range of other financial intermediaries. Major providers of capital include banks (debt), insurance companies (equity and debt) and superannuation funds for pensions (equity and debt).

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Australian BitcoinCryptocurrency Tax Laws 101

Many Australian cryptocurrency investors mistakenly believe crypto profits are tax-free, which could have serious tax implications. If you were to cash out on a massive upswing and receive a wire transfer of $50,000 AUD into your Australian bank account tomorrow, you’d immediately be slapped with the maximum tax bracket— as well as draw the unwanted attention of the Australian Transaction

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Mining site employees income and work-related

Mining site employees, including fly-in-fly-out (FIFO) workers guide to income, allowances and claiming work-related deductions. High call volumes may result in long wait times. Before calling us, visit COVID-19,Tax time essentials,or find answers to our Top call centre questions .

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ATO data reveals one third of large companies pay no

2020-6-14  About one third of large companies have once again failed to pay a cent of tax, even though have they made a gross profit, according to the Tax Office's latest corporate tax transparency report.

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Australia Corporate Tax credits and incentives

Accelerated deductions are available for capital expenditures on the exploration for and extraction of petroleum and minerals (other than mining rights and information acquired from a non-government third party that start to be held after 7.30pm [AEST] 14 May 2013, which are claimed over the shorter of 15 years and the life of the asset), the

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Corporate income taxes, mining royalties and other

2015-6-3  considering increases to the mining tax rate and going beyond rates previously established by the Mining Investment Law. Australia enacted the Mineral Resource Rent Tax effective beginning on 1 July,2012. The Australian Minerals Resource Rent Tax applies to bulk commodity projects for coal and iron ore operations, excluding small miners.

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ALTERNATIVE WAYS TO FUND MINING PROJECT CPA

2019-1-23  received from the mine, less certain specific costs such as tax However, in most mining royalties, calculations are either based on: • revenue once the production and refining costs have been paid (Net Smelter Royalty/NSR) OR • profits once past capital costs and production costs have been deducted (Net Profit Interest/NPI)

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Mineral royalties and other mining- specific taxes

2012-1-27  governments, however, is how to design tax regimes that best meet their objectives. This stone provides a review of mineral royalties and other special taxes which apply specifically to the mining sector in mineral-rich countries, with emphasis on current arrangements in Australia. Mineral royalties have traditionally been considered

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Bain Capital in last-ditch pitch to Virgin workers

2020-6-22  Bain Capital will honour all $450 million of entitlements owed to workers if its bid for Virgin Australia is successful, a source close to the deal says, in what appears to be a last-ditch attempt

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En Passant ? Capital and tax a very simple example

En Passant Revolutionary reflections on this world of ours

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Capital flight: SA property companies invest billions

Capital flight: SA property companies invest billions more offshore 8% in Australia, 2% in the UK and 1% in the rest of Africa. We’ll just put it together with further contraction in

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Mining trio unite against Australian tax Financial Times

A total tax rate of more than 50 per cent, the three miners claim, will make some projects unviable and encourage capital flight to countries charging a lower tax rate. Australia is an important

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Killing the goose that laid the golden egg? Australia's

A common criticism of the minerals resource rent tax (MRRT) was that it would ‘kill the goose that laid the golden egg’ for the Australian economy. Mining companies, their industry associations, and the Liberal–National Coalition all argued the MRRT would reduce Australia's attractiveness for mining investment, and lead to ‘capital

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Not a company tax cut in sight, but investment in

2018-11-30  Not a company tax cut in sight, but investment is set to surge. Despite the lack of a big business tax cut, investment in Australia is on the rise — so much so that mining companies are now

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Resource super-profits tax risks capital flight: ANZ

ANZ chief executive Mike Smith has warned the governments planned resource super-profits tax risks triggering capital flight out of Australia as global investors reassess their view of sovereign risk.

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Tax biggest danger to mining: BHP Billiton CEO

"The whole Henry tax proposal regards Australia as a closed system, which funds its own projects and completely neglects the fact Australia is part of the world and is a net capital-consuming

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Withholding from dividends paid to foreign residents

Tax treaties are special agreements that Australia has entered into with over 40 countries. The tax treaties help prevent the same income being taxed more than once. The reduced tax rate that applies under a tax treaty only applies if the recipient of the dividend is both: a resident of the particular tax

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Mining Investment and Finance News| MiningNews.net

Receive daily breaking news and capital market updates of Australian mines and mining companies throughout the industry.

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Australia eyes corporate tax transparency Financial

The government has been forced to defend its controversial mining tax, which generated just A$126m of revenues in its first six months of existence and is unlikely to make the A$2bn it was

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Tax biggest danger to mining: BHP Billiton CEO

"The whole Henry tax proposal regards Australia as a closed system, which funds its own projects and completely neglects the fact Australia is part of the world and is a net capital-consuming

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Miners told to keep digging as foreign rivals shut down

2020-3-24  The government has urged Australia's mining industry to continue working, despite other nations like South Africa forcing its miners to join nationwide lockdowns.

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The impacts of COVID-19 on the Mining Sector

2020-4-7  In Australia, keep a close eye on iron ore developments. Given the sheer remoteness of the operations in the Pilbara, iron ore is one of those commodities seen to be most at risk of major disruption. About 60% of the world’s seaborne iron ore is produced in the Pilbara, a two-hour flight from Perth.

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Bitcoin Is The New Flight Capital Forbes

2018-4-30  Gold is no longer used as flight capital. When there was recent threat of war, gold didn’t react, but Bitcoin went off the dial every night. In the old days people might have stashed a few

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Australian mining magnate on missing Africa plane

2010-6-20  Australian mining magnate Ken Talbot and five other senior figures from the iron ore miner Sundance Resources Ltd were aboard a company aircraft

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Western bankers and lawyers 'rob Africa of $150bn

2007-1-20  More than $150bn a year is looted from Africa through tax avoidance by giant corporations and capital flight using 'a pinstripe infrastructure' of western banks, lawyers and accountants, according

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United Kingdom Capital Flows 1955-2020 Data

The United Kingdom recorded a capital and financial account deficit of 5388 GBP Million in the first quarter of 2020. Capital Flows in the United Kingdom averaged 4952.18 GBP Million from 1955 until 2020, reaching an all time high of 42975 GBP Million in the third quarter of 2019 and a record low of -12724 GBP Million in the first quarter of 1997.

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Mining Investment and Finance News| MiningNews.net

Receive daily breaking news and capital market updates of Australian mines and mining companies throughout the industry.

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Endeavour Mining Corporation Home

Endeavour Mining Corporation (“EDV”) has no control over the External Site, any data or other content contained therein or any additional linked websites. The link to the External Site is provided for convenience purposes only.

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