Kristina Keneally Says Tax on Mining Would Lead to Job Losses

The Premier of New South Wales Kristina Keneally is on a road trip in Hunter Valley gathering votes in what was once a Labor stronghold. In Newcastle she said that the new state based tax on mining profits being proposed by the Shadow Treasurer Mike Baird would result in a loss of jobs.

This was in response to the state opposition plan to overhaul the state and federal taxation systems. Mike Baird said that while states raise 16% of the taxes they are handling 40% of the services offered to the mining industry. That is why it was necessary to move to a profits-based tax on mining to replace the current royalty system.

Premier Kristina Keneally disagrees. She said that 29,000 people were directly employed in the mining sector in New South Wales and about 80,000 were indirectly employed by the mining industry. If the current royalties system was replaced, Hunter Valley itself would lose 12,000 jobs.

This would happen because miners would then prefer to work in Western Australia and Queensland as compared to New South Wales.

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, March 19). Kristina Keneally Says Tax on Mining Would Lead to Job Losses. AZoMining. Retrieved on May 19, 2024 from https://www.azomining.com/News.aspx?newsID=3658.

  • MLA

    Scanlon, Joel. "Kristina Keneally Says Tax on Mining Would Lead to Job Losses". AZoMining. 19 May 2024. <https://www.azomining.com/News.aspx?newsID=3658>.

  • Chicago

    Scanlon, Joel. "Kristina Keneally Says Tax on Mining Would Lead to Job Losses". AZoMining. https://www.azomining.com/News.aspx?newsID=3658. (accessed May 19, 2024).

  • Harvard

    Scanlon, Joel. 2019. Kristina Keneally Says Tax on Mining Would Lead to Job Losses. AZoMining, viewed 19 May 2024, https://www.azomining.com/News.aspx?newsID=3658.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.