Australian mining magnate sues the Government for carbon tax
Australian mining tycoon Clive Palmer will be mounting a High Court challenge against the Government’s carbon tax, he told ABC News’ 7.30 Report.
According to Palmer, the legislation is “unconstitutional” and “discriminatory” against his company Queensland Nickel.
In the interview, the magnate said Australia’s carbon tax, due to start on July 1, was a “joke” adding that his company was getting less compensation under it than rivals BHP Billiton and Glencore.
”You can’t treat citizens that way,” he said. ”You can’t discriminate. I guess a company is like a person. All persons should be treated equally under the law.”
The Federal Government dismissed Palmer’s threat as an exercise in self-interest. Climate Change Minister Greg Combet said the legislation is on very firm ground constitutionally, reports The Sydney Morning Herald.
You can watch Palmer’s full TV interview here:
More News
GRAPH: Cobalt price plunge and the EV market
February 11, 2025 | 04:03 pm
China funnelled $57 billion to control critical mineral supply chain
February 05, 2025 | 11:00 am
{{ commodity.name }}
{{ post.title }}
{{ post.date }}
Comments
Tax settlement
You might be little hesitant in hiring the attorney tax settlement as they cost money. But it is highly recommended to hire them without any delay as the consequences later may not be fruitful. Also, they save you from unwanted process and save your time in a great way.