Newcrest joins tax battle

GOLD kingpin Newcrest has added its voice to calls for the Western Australian government not to increase the state’s gold royalty by around $20 an ounce.

Newcrest joins tax battle Newcrest joins tax battle Newcrest joins tax battle Newcrest joins tax battle Newcrest joins tax battle

The Labor government has proposed an increase in the gold royalty rate from 2.5% to 3.75% when the gold price is above A$1200/oz to raise $400 million over the next four years.