Mining tax inquiry to examine design

A SENATE inquiry has been launched to investigate the structure of the Federal Government's mining tax, after it was revealed the tax put only $126 million into government coffers in its first six months.

The inquiry was launched after an unusual bipartisan approach to the failed tax, with both the Coalition and the Greens supporting a motion for the Senate inquiry.

Crucial support from Greens leader Senator Christine Milne and Coalition finance spokesman Senator Mathias Cormann led to the inquiry.

The inquiry will look at the design of the minerals resource rent tax, the process the government went through in designing it and the budget implications for the tax.

Topics:  mining tax, resources, senate inquiry




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