Antinuclear

It’s the only revenue-raising move in this year’s savings-based Budget. Mineral production was forecast to be worth $2.7 billion in 2013-14 but mining royalties are expected to raise $113.3 million, for a recovery rate of 4.2 per cent.

The first new Budget measure is a cap on the amount mining companies can claim as a transfer price for a mineral set at 5.5 per cent of its value……

The second measure would put a cap on the amount corporations can claim on tax for administrative costs for a foreign head office. Mr Tollner said they had been claiming expenses as NT costs……. http://www.ntnews.com.au/article/2013/05/15/320899_nt-business.html