Australia’s capacity to capture the next wave of mining investment would depend on ensuring policy frameworks that were internationally competitive, the Minerals Council of Australia (MCA) said in a submission to the Standing Committee on Economics.
The committee was tasked to undertake an inquiry into the simplification of the personal and company tax income system, with a focus to broaden the base of these taxes to fund reduction rates. A particular reference was made to the deductibility of interest incurred by businesses.
