2023 sees Australia's $124B natural resource export income with debates on higher taxes for resource companies.

Australia's taxation system for natural resources has developed since the 19th-century gold rush, with current taxes and royalties on iron ore, coal, and gas varying by resource and location. In 2023, these resources generated around $124 billion in export income, particularly benefiting Western Australia due to demand from China. The debate continues over whether taxes should be higher, balancing the economic contributions of resource companies against the view that resources belong to all Australians.

September 21, 2024
4 Articles

Further Reading