‘A Huge Shock’: Ambassador Warns Queensland’s Mining Tax Hike Could Deter New Japanese Investment

‘A Huge Shock’: Ambassador Warns Queensland’s Mining Tax Hike Could Deter New Japanese Investment
Former Ambassador of Japan Yamagami Shingo addresses the National Press Club in Canberra, Wednesday, July 21, 2021. AAP Image/Lukas Coch
Updated:

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.
Nina Nguyen
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Nina Nguyen is a reporter based in Sydney. She covers Australian news with a focus on social, cultural, and identity issues. She is fluent in Vietnamese. Contact her at [email protected].
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