Japan's Ambassador to Australia has criticised the Queensland Government's new tax regime for coal miners –suggesting it could risk damaging an economic relationship. The scheme proposes new higher coal mining royalties –drastically exceeding the previous top rate of 15 per cent. Ambassador Shingo Yamagami said key Japanese companies invested in the state's coal industry have questioned Queensland will remain a “safe” place to invest. Mr Yamagami also said the fallout from the royalty rise could extend beyond the coal sector to vital new areas of co-operation, including efforts to shift towards cleaner energy sources.
from Latest World News Headlines | Daily Telegraph https://ift.tt/Lx2aYeJ
Wednesday, July 6, 2022
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