War of words erupts over royalty hikes

THE move to hike royalties on iron ore fines has sparked sabre rattling between the Western Australian and federal governments with the Gillard government warning the decision will slash the state’s share of GST revenue and infrastructure spending, but will also throw a major spanner in the works of the federal government’s revenue raising plans.

War of words erupts over royalty hikes War of words erupts over royalty hikes War of words erupts over royalty hikes War of words erupts over royalty hikes War of words erupts over royalty hikes

In his first budget, WA Treasurer Christian Porter outlined a hike in the royalty it levies on iron ore ‘fines' from the current rate of 5.625% to 6.5% from July 1 next year and 7.

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