Turnbull Introduces an $80 Million Tax Plan to Boost Mining
- Government unveils junior mineral exploration tax credits
- Tax plan in Western Australia will run over four years
This article is for subscribers only.
Australian Prime Minister Malcolm Turnbull has unveiled a A$100 million ($80 million) tax incentive to encourage investment in junior mining exploration companies across Western Australia, a state that bore the brunt of the nation’s resources slowdown.
The Australian government is enacting a “junior mineral exploration tax credit scheme” to boost productivity in the state’s mining sector, Turnbull said at a Liberal Party state conference in Perth on Saturday.