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Miners get $4b in direct subsidies says think tank
David Curtin - Wednesday, April 18, 2012
THE federal government gives just over $4 billion in direct subsidies to mining companies each year, mainly in the form of cheap fuel and tax breaks for building roads and railways, a report by the Australia Institute think tank said.
The biggest single subsidy passing from the general public to miners comes in the form of fuel-tax credits, formerly named the diesel fuel rebate, which were valued at $1.89 billion in 2009-10, the institute's report said.
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