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Fortescue Metals Insists Mining Tax is Unconstitutional

Fortescue Metals's lawyer told the Australian High Court on Wednesday that the minerals resources rent tax is unconstitutional. He cited the tax causing disadvantage to different resource projects in different states as his main argument.

In pushing for the repeal of the mining tax, Fortescue counsel David Jackson pointed to previous instances when Commonwealth excises, levies and tariffs were reversed based on the same argument he forwarded.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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