Gillard Mining-Tax Revenue Misses Goal in Election-Year Blow

Gillard Mining-Tax Revenue Misses Goal in Election-Year Blow

Ian Waldie/Bloomberg

Coal is stockpiled in preparation for loading onto ships for export at the Newcastle Coal Terminal in Newcastle, north of Sydney. Gillard’s Minerals Resource Rent Tax, which puts a 30 percent levy on iron ore and coal profits, has drawn criticism from companies, business lobbyists and the mining states of Western Australia and Queensland.