Iran war derailed talks to claw back billions in tax credits paid to miners
The Iran war has interrupted discussions regarding the potential reduction of tax credits for mining companies. Energy Minister Chris Bowen confirmed that the government will not change the fuel tax credit for this financial year. However, there is growing internal pressure within the Labor party to revisit the issue at their upcoming national conference in July.
- ▪The government had considered cutting fuel tax credits paid to coal mining companies before the Iran war disrupted talks.
- ▪More than $10 billion in refunds on diesel tax are paid out annually, with significant amounts going to major mining companies.
- ▪A grassroots movement within Labor is advocating for a cap on diesel tax credits to fund decarbonisation projects.
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Iran war derailed talks to claw back billions in tax credits paid to minersExclusive by senior political correspondent Jake EvansTopic:CoalWed 27 May 2026 at 4:42amWed 27 May 2026 at 4:42amWed 27 May 2026 at 4:42amMining companies receive billions in refunds on taxes paid on diesel each year. (AAP: Dan Peled)In short:Reducing the tax credit paid back to miners was on the table before the Iran war derailed government discussions.Energy Minister Chris Bowen said the government decided not to change the fuel tax credit this financial year.What's next?Internal pressure is growing to claw back some of the tax credit paid to miners, with a Labor and union campaign building ahead of the party's national conference in…
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