Mining Tax Destroyed Australia’s Growth: Clive Palmer

Federal Member for Fairfax

Media release

The federal leader of the Palmer United Party and Member for Fairfax, Clive Palmer, said the mining tax had created the perception in overseas countries that investment was not welcome in Australia.

“The result of the mining tax was a slow-down in the economy, a loss of jobs, a downturn in construction and a decline in exports,’’ Mr Palmer said.

“The resources ministers of Canada, South Africa and Brazil had the most to lose with the abolition of the mining tax while Australia had the most to gain.

“The challenge now is to grow our industry and expand our exports so all Australians can have the future they deserve,’’ Mr Palmer said.