A new report by advisory firm KPMG has revealed that the Australian mining industry had a tax ratio of around 44%, well above the average rate of other industries.
The report, conducted on behalf of the Minerals Council of Australia (MCA), found that 14 of the top 30 taxpayers in Australia were mineral resources companies, with those 14 companies contributing more than A$11.33-billion in company tax, representing almost 22% of the total tax paid by the 2 200 large entities listed in an Australian Taxation Office (ATO) report.