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
4/367 Esplanade... $305,000
Unit 2 2 1
4A Poinciana Cres... Auction on Site
2 2 2
10/137 Freshwater... $228,000
Unit 2 1 1
132 Exeter Street... $452,000
House 3 1 1

Join the Community.

Get your local news, your way.

Stay Connected

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


Marketplace

Sponsored Links

Compare & Save