Australian news, and some related international items

Australia’s News Corpse, Nine media, and Resources Minister Keith Pitt have been duped by the Minerals Council of Australia.

Australia’s major media organisations, News Corp and Nine Entertainment, have been duped by the mining lobby’s false claims about its contribution to Australia. The industry peak body, Minerals Council of Australia, has failed to include in its analysis the more than $72 billion in GST rebates the industry has received between 2010 and 2018, and an estimated $80.6 billion over the past 10 years.

The Australian, the Australian Financial Review, and the Minister for Resources Keith Pitt have consistently repeated the misleading claims provided to them by the mining lobby via the firm the MCA hired to conduct its reports, Deloitte Access Economics.

Deloitte found that the minerals industry had contributed more than $238 billion in company tax and royalty payments since 2010, with $132 billion from company tax alone.

However, the report avoids mentioning that the mining industry, as an exporting industry, receives a huge GST rebate every year………….

June 14, 2021 - Posted by | AUSTRALIA - NATIONAL, politics, secrets and lies

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