The Budget and Economic Policy Statement of 2013 reiterates the willingness of the government to implement a windfall tax on mining profits.The windfall profit tax was introduced in the Budget and Economic Policy Statement of 2012 and was debated, but… Read more

There have been developments in the US and the EU in relation to the implementation of requirements for reporting by extractive industries on government payments.The new EU Directive (Directive 2013/34/EU) requiring the disclosure, on a project by project basis, of… Read more

The Federal Government’s 2013-2014 Budget (the Budget) contains a number of changes to existing tax rules some of which are expected to have adverse implications on the mining sector.Changes to accelerated tax depreciation arrangementsThe Federal Government announced immediate changes to… Read more