Taxation and Spending - Major Publications

The Australian mining sector has long played a vital role in the development of the nation. Longstanding stability in terms of political risk and taxation and, though this has never been realised, regulatory arrangements, have allowed the sector in Australia to capitalise on demand for minerals and petroleum and to spawn businesses and experts that are world leaders in the sector, active in Australia and overseas.

Australia is one of the world’s most important suppliers of mineral products and developments over recent years have been a key reason behind the nation’s growing prosperity.    Looking forward, Australia continues to be among the leading nations in new developments.    Exploration expenditure, the precursor of new developments, remains high.   

As a result of interventionist policies built up over many years, many functions undertaken by the federal public service provide negative value-added services. These entail costs to businesses and individuals in responding to them, diversion of resources to accommodate their requirements and the effect of them in displacing commercial activities where such activities perform useful tasks.

Taxation Review Project:  

The discriminatory taxes on tobacco, alcohol and gambling fall particularly heavily on poorer people, on average, those having the lowest fifth of income levels pay some $15 per week in taxes on these goods and services

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