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27 May 11 On the West Australian mining royalty increase

MEMBER 80 writes:

“I stand with [WA Premier] Colin Barnett on this matter. The mineral wealth of the country is the property of the State where it is located – that is the constitutional position. If the Federal Government doesn’t like that, it is too bad. If the Tax Institute position is that they don’t like State Royalties that is too bad as well – it is not a Federal matter and the Federal Government has no jurisdiction over the matter no matter what Henry or anyone else says.”

THE TAX INSTITUTE’S SENIOR TAX COUNSEL, ROBERT JEREMENKO, RESPONDS:

“We must reform inefficient State taxes including royalties via the Council of Australian Governments process. This COAG process involves the agreement of the States and the Commonwealth to achieve productivity enhancing reforms. It was such a collaborative arrangement that allowed the removal of State bed taxes, financial institutions duty, bank accounts debits taxes, stamp duties on marketable securities and the like. No State was left out of pocket in agreeing to abolish these taxes.”