Business

Palmer 'paid no tax in 2010-11'

Clive Palmer
Clive Palmer Rockhampton Morning Bulletin

BILLIONAIRE mining magnate Clive Palmer's mining company Mineralogy reportedly paid no tax in the 2010-11 financial year.

A Fairfax media report on Thursday cited ASIC documents showing the company had reported losses for the past three years.

Mr Palmer has been a virulent critic of the mining tax proposed by the Federal Government.

A company spokesman would not comment on the figures except to say the magnate had a "vast portfolio of business interests including numerous resource companies".

"Mineralogy lodges its accounts with ASIC and follows all regulatory procedures."

Topics:  business, clive palmer, mineralogy, tax


Local Real Estate

finda logo
Featured Real Estate
Cleveland 4163  "FREE" Delivery Within 300kms 9x3m $24,900 10x3 $27,500. Bathroom, bedroom, lounge, kitchen, ...
Maryborough 4650 ... House for removal, reasonable conditon. Maryborough area. Phone 0419 579 633
79 Dayman Street... Auction In...
House 3 2 7
74 Ariadne Street... Auction In...
House 3 2 3

Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.