Archive for May 23rd, 2010
Mining companies only pay 13 percent income tax
Posted by John, May 23rd, 2010 - under Mining, Resource Super Profits tax, Tax.
Comments: 7
Guess how much income tax BHP and Rio Tinto pay as a percentage of their accounting profit. 13 percent according to Treasurer Wayne Swan. Workers on the average wage pay 30 percent tax on their earnings over $34,000. For workers earning more than $80,000 it is 40 percent on that extra income. It’s not as [...]
