Taxes And Royalties Paid By Australian Miners Equivalent To Federal Government Education Spending

A report published by Deloitte Access Economics reveals that Australian mining companies paid A$30.6 billion in company tax and royalties in 2017-18 – the equivalent of all Federal Government spending on Australian schools, universities and vocational training.

According to the report, the dollar amount paid in company taxes over the past couple of years surpasses that of 2011-12, which was the peak of the resources boom. That amount adds up to A$18.6 billion.

The document, which was commissioned by the Minerals Council of Australia, also states that mining companies paid A$12 billion in royalties to State Governments in 2017-18