14 Apr 2012

Mining industry renews campaign against higher taxes

10:02 am on 14 April 2012

The mining industry in Australia has launched new advertisements warning the federal government not to impose further tax increases.

The ABC reports the industry spent more than $A20 million on an advertising campaign targeting the Rudd government's original mining tax.

It pulled the ads after Julia Gillard took power and negotiated a new mining tax with the industry.

Now the Minerals Council of Australia has taken out full-page newspapers ads warning about further potential tax hikes for the resource sector.

The council says the industry is not a bottomless pit and that it already pays 500% more taxes and royalties than a decade ago.

The ABC says there is speculation that mining companies will be stripped of diesel fuel rebates and other tax concessions in the next budget.