About: Minerals Resource Rent Tax

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The Minerals Resource Rent Tax (MRRT) was a tax on profits generated from the mining of non-renewable resources in Australia. It was a replacement for the proposed Resource Super Profit Tax (RSPT). The tax, levied on 30% of the "super profits" from the mining of iron ore and coal in Australia, was introduced on 1 July 2012. A company was to pay the tax when its annual profits reach $75 million, a measure designed so as not to burden small business. The original threshold was to be $50 million until independent MP Andrew Wilkie negotiated an amendment. Around 320 companies would have potentially been affected by the changes.

Attributes	Values
rdf:type	organisation
rdfs:label	Minerals Resource Rent Tax (en) 矿产资源租赁税 (zh)
rdfs:comment	矿产资源租赁税（Mineral Resources Rent Tax），原称资源超额利润税（Resources Super Profits Tax），是澳大利亚政府计划中的一项税。 (zh) The Minerals Resource Rent Tax (MRRT) was a tax on profits generated from the mining of non-renewable resources in Australia. It was a replacement for the proposed Resource Super Profit Tax (RSPT). The tax, levied on 30% of the "super profits" from the mining of iron ore and coal in Australia, was introduced on 1 July 2012. A company was to pay the tax when its annual profits reach $75 million, a measure designed so as not to burden small business. The original threshold was to be $50 million until independent MP Andrew Wilkie negotiated an amendment. Around 320 companies would have potentially been affected by the changes. (en)
dcterms:subject	History of mining in Australia History of taxation in Australia 2012 introductions Abolished taxes
Wikipage page ID	27716877 (xsd:integer)
Wikipage revision ID	1105644482 (xsd:integer)
Link from a Wikipage to another Wikipage	BHP Billiton Prime Minister of Australia 2010 Australian federal election Julia Gillard Constitution of Australia Melbourne Corporation v Commonwealth Rio Tinto Group Coalition (Australia) Gina Rinehart Constitutional basis of taxation in Australia Non-renewable resource History of mining in Australia Andrew Forrest Andrew Wilkie Royal assent Palmer United Party Petroleum Revenue Tax Australian Council of Trade Unions Australian Greens Australian House of Representatives Australian Senate Australian Taxation Office Tony Abbott Tony Windsor Treasurer of Australia Wayne Swan Mining in Australia Xstrata Extractivism Fortescue Metals Group History of taxation in Australia 2012 introductions Hancock Prospecting High Court of Australia Abolished taxes Kevin Rudd Henry Tax Review Australian Electoral Commission Construction, Forestry, Mining and Energy Union Intergovernmental immunity (Australia) Coal seam gas 2010 Australian Labor Party leadership election Superannuation Guarantee
Link from a Wikipage to an external page	http://ato.gov.au/Business/Minerals-resource-rent-tax/%7Cpublisher https://web.archive.org/web/20100703121517/http:/www.miningnewspremium.net/siteincludes/feature_miningsupertax.asp http://www.comlaw.gov.au/Details/C2012A00015 http://www.comlaw.gov.au/Details/C2012A00016 http://www.comlaw.gov.au/Details/C2012A00017 http://www.comlaw.gov.au/Details/C2012C00446 http://www.comlaw.gov.au/Details/C2012C00571 https://www.legislation.gov.au/Details/C2014A00096
sameAs	Minerals Resource Rent Tax Minerals Resource Rent Tax Minerals Resource Rent Tax Minerals Resource Rent Tax Minerals Resource Rent Tax
dbp:wikiPageUsesTemplate	dbt:Citation_needed dbt:Cite_web dbt:En_dash dbt:Portal dbt:Reflist dbt:Use_Australian_English dbt:Use_dmy_dates dbt:Who dbt:Economy_of_Australia
has abstract	The Minerals Resource Rent Tax (MRRT) was a tax on profits generated from the mining of non-renewable resources in Australia. It was a replacement for the proposed Resource Super Profit Tax (RSPT). The tax, levied on 30% of the "super profits" from the mining of iron ore and coal in Australia, was introduced on 1 July 2012. A company was to pay the tax when its annual profits reach $75 million, a measure designed so as not to burden small business. The original threshold was to be $50 million until independent MP Andrew Wilkie negotiated an amendment. Around 320 companies would have potentially been affected by the changes. The Coalition, led by Tony Abbott, went to the 2010 and 2013 elections promising to repeal the tax. The Coalition won the 2013 election, and after one failed attempt to pass the bill, the Mining Tax Repeal Bill finally passed both houses of Parliament on 2 September 2014 and the tax was subsequently repealed. A January 2014 poll conducted by UMR Research, however, found that a majority of Australians still think that multinational mining companies do not pay enough tax. Supporters of the tax also point to continually-large profits produced by Australian-based mining operations, 83% of which are foreign-owned. (en) 矿产资源租赁税（Mineral Resources Rent Tax），原称资源超额利润税（Resources Super Profits Tax），是澳大利亚政府计划中的一项税。 (zh)
gold:hypernym	Tax
prov:wasDerivedFrom	wikipedia-en:Minerals_Resource_Rent_Tax?oldid=1105644482&ns=0
page length (characters) of wiki page	20669 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Minerals_Resource_Rent_Tax
is Link from a Wikipage to another Wikipage of	Rudd government (2007–2010) David Leyonhjelm History of the Australian Labor Party Julia Gillard 2012 Australian federal budget 2013 Australian federal budget Andrew Forrest Petroleum Revenue Tax Optimal tax Tony Abbott Minerals Council of Australia Mining in Australia 2010 Australian federal budget History of the Australian Greens Kevin Rudd Nev Power Rudd government (2013) Gillard government

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