Prosper Australia today released new research examining Australia’s resource royalties. Australian states could capture an additional $14.5 billion in revenue each year by moving to a more flexible royalty model with variable rates that adjust to market conditions.
Last year on budget night, Queensland caught the coal industry off-guard, announcing three new upper-level tiers to the state’s royalties regime. Queensland’s previous royalty schedule had only two brackets: seven per cent up to $100 a tonne, then 15 per cent for...
Prosper recently submitted to the Standing Committee on Economics' Australia's Oil and Gas Inquiry. The Reform Agenda An effective resource rent mechanism is paramount to guaranteeing the economic rights of all citizens. This ensures the public receives a fair share...
The Northern Territory Government's Revenue Discussion paper submissions have come to a close. Prosper's Submission focuses on supporting the NT Government in shifting towards a broad based Land Value Tax and further improving existing Royalty arrangements. The...
Rodrigo Duterte attacked mining companies in his State of the Nation address to the Philippine Congress over their abuse of the country he leads. His concerns are threefold: • Environmental degradation • The export of raw ores without processing • Miners’ failure to...
West Australia should not raise mining royalties because GST revenues are distributed to human need, according to the Minerals Council of Australia. Their logic is as twisted as a snake in a maze: both state boundaries and orebody sites are accidents of geography,...
photo credit: ToOliver2 Dr Gavin Putland Taken from the Dec - Jan edition of Progress. Download Progress (8MB) If a “site” is a piece of ground or airspace, then the “rent” of the site is simple enough: it is the price per unit time that the highest rational...