Morrison dumps on WA iron ore “tax”

Thursday 25 August 2016

Scott Morrison has criticised the proposal by the Nationals leader in Western Australia to put a tax of $5 per tonne on iron ore mined by BHP Billiton and Rio Tinto.

Brendon Grylls has been pushing for the tax, saying it would raise an estimated $1.5bn in revenue and help the state’s Coalition government to fix its budget.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.