The Access Nova Scotia centre in Antigonish closed at 1:30 p.m. today, March 6, to investigate possible water damage and air-quality issues. The office will remain closed for the rest of the week to allow a complete investigation. “Closing of the office is a precautionary measure,” said Jamie Muir, Minister of Service Nova Scotia and Municipal Relations. “The health and safety of our staff and customers are our first priority. The office will remain closed until we are assured it is safe for business.” An update on the office’s status will be provided on Sunday, March 9, in the afternoon. In the meantime, Antigonish residents can get services through the New Glasgow or Port Hawkesbury Access Nova Scotia centres. More information regarding specific services is available by calling toll-free 1-800-670-4357.
Brendan Pearson, Chief Executive, Minerals Council of Australia says that new research by Professor Sinclair Davidson of RMIT demonstrates that mining pays a substantial amount of corporate tax and does so at a high effective tax rate.“Extravagant claims are no substitute for hard evidence. And Professor Davidson’s analysis of Australian Tax Office (ATO) data debunks some of the myths currently in circulation. He cites in this context the claim by former Treasurer Wayne Swan that the industry’s effective tax rate is just 15%.Professor Davidson finds that:“The mining industry pays a lot of tax and pays close to the statutory rate of 30% of its taxable income. The view that the mining industry is under-taxed is not supported by data published by the ATO – the government agency that administers the tax system and actually collects the tax revenue.”The data show that mining paid A$13.6 billion in net company tax in 2012-13. Despite accounting for less than 1% of liable companies, mining paid more than 21% of corporate tax (second after the financial industry). Professor Davidson finds that since 2000-01 net company tax receipts from mining have increased 7.8 times, while overall net company tax receipts have risen just 2.4 times.Professor Davidson’s paper shows that mining pays a higher average effective tax rate than the Australian average, by a significant margin. “The argument that mining tax rates are lower than that of most (or even many) other industries is simply not true’, Professor Davidson concludes.Download the publication here: http://bit.ly/1HakMEY