The Queensland government’s massive coal royalty tax could push away Japanese investors and undermine the decades-long partnership between both countries, Japan’s ambassador to Australia has warned. The stark comments from Yamagami Shingo come after the Palaszcuk government announced it would introduce three extra tiers of taxes to the state’s mining royalty scheme. Going forward, from July 1,…
‘A Huge Shock’: Ambassador Warns Queensland’s Mining Tax Hike Could Deter New Japanese Investment
July 8, 2022
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Annastacia PalaszczukAsia & PacificAustraliaAustralia-Japan relationsAustralian coalBusiness & Marketscoal taxCompanieseconomic policiesInternationalJapanese companiesQueenslandWorld
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Nearly Half of Japan Firms See Weak Yen as Bad for Business: Survey
TOKYO—Nearly half of the Japanese companies see the weak yen as bad for their business, a private survey showed on Tuesday, suggesting the currency’s recent sharp decline is hurting business sentiment and clouding the economic outlook. The yen’s decline to a 24-year low against the dollar is inflating the cost of raw material imports, hurting…
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