TAXATION – GOVERNMENT POLICY – NEW SOUTH WALES

Miners plead for no new tax slug in NSW budget

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Original article by Annabel Hepworth
The Australian – Page: 19 & 22 : 26-May-16

The New South Wales Minerals Council has warned the State Government that imposing additional taxes on mining companies in the June 2016 Budget will deter investment and increase investor uncertainty. The Council’s pre-Budget submission has also urged Treasurer Gladys Berejiklian to provide more funding for the "Resources for Regions" infrastructure program.

CORPORATES
NEW SOUTH WALES MINERALS COUNCIL, NEW SOUTH WALES. THE TREASURY, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, SHENHUA WATERMARK COAL PTY LTD

Fight builds over $3b GST compo

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 22-Jul-15

The New South Wales Government has proposed lifting the GST rate to 15 per cent, with the extra revenue to be used to finance public health services. Its modelling suggests that annual GST revenue would increase by $A36bn by 2020 with the higher tax rate. Meanwhile, the cost of public health funding is expected to top $A20bn by 2020. When the need to compensate households for the increased GST is taken into account, it is estimated that a further $A2bn to $A3bn in health funding would be needed in addition to the extra GST revenue.

CORPORATES
NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, QUEENSLAND. TREASURY, LIBERAL PARTY OF SOUTH AUSTRALIA, AUSTRALIAN LABOR PARTY