QRC: Higher taxes on resources sector is not the way

THE Queensland Resources Council has urged the public to reconsider a populist belief that higher taxes on the resources sector was the answer to getting the State out of debt.

QRC chief executive Michael Roche said that the sector was confronting tough economic problems of its own with 8000 jobs in coal mines already lost.

He added that Queensland had close to the world's highest taxation rate for coal following huge royalty hikes by the Bligh Labor government in 2008 and in Treasurer Nicholls' first budget in 2012.

The Government did pledge in that budget not to increase the tax on coal for the next decade and Mr Roche is hopeful they will keep their word come June.

He said the best way to boost the resources sector's contribution to government coffers was to promote growth in the sector.



Man flown to hospital after motorbike crash on rural road

Premium Content Man flown to hospital after motorbike crash on rural road

The man crashed on a popular motorcycle road north of Ipswich which has been the...

Springfield mastermind’s new medical research project

Premium Content Springfield mastermind’s new medical research project

Springfield City Group has revealed it is in talks to create a dedicated medicine...

New details released about fatal house fire investigation

Premium Content New details released about fatal house fire investigation

The body of a man was found inside the property within a gated community but one...