Labor’s mining tax and the resources boom may have permanently and significantly changed the balance of political donations, with millions of dollars flowing from mining companies to the Coalition, Australian Electoral Commission data shows.
Mining companies began increasing their stake in the political process before the financial crisis, favouring the Coalition but also contributing to Labor. However, the mining tax saw an extraordinary increase in donations to the Coalition that has opened up a huge funding resource for the Liberals.
Mining company donations to state and federal Labor parties and the Coalition since 2004 show the extent to which Coalition benefited from the surge in mining company largesse after the Rudd government infuriated them with its RSPT proposal in May 2010.
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