SYDNEY (Reuters) - Australia's upper house Senate voted on Tuesday to scrap a tax on mining industry super profits, a major victory for conservative Prime Minister Tony Abbott that has fuelled accusations that he is in the pocket of global mining giants.
Abbott made abolishing the Mineral Resource Rent Tax (MRRT) one of the centrepieces of his campaign, but it has been stalled in the upper house alongside austere budget measures introduced in May to stave off what he has called a "budget crisis".
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!