Queensland coal tax threatening jobs

The Palaszczuk government’s introduction of a coal royalties scheme could have dire consequences on jobs in the industry, according to two of the world’s leading investment banks.

The Royal Bank of Canada and JP Morgan believe the tax will force coal producers to consider the financial viability of future prospects.

The tax is estimated to bring in over $1.2 million over the next four years.

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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