A NEW battle over royalties is looming, as Western Australia rejects calls to give tax breaks to help resource companies claw back the costs of complying with Julia Gillard's carbon pricing scheme.
Some business groups -- including the Corporate Tax Association, whose members include more than 100 of Australia's biggest companies -- say the states should allow a cut in state-based royalties to cover carbon tax costs.
Sections of the business community have been unclear about whether the costs of the carbon tax could be deducted under the minerals resources rent tax negotiated by the Prime Minister, and the treatment under state-based royalty regimes.
The Australian
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