Zero return for mining tax - The Australian

Labor's controversial mining tax has failed to raise a cent in its first three months, amid a fresh blow to prospects for a business tax cut.

Wayne Swan's $1.1 billion budget surplus projection has received an immediate body blow, with the government's new mining tax raising zero revenue in its first three months. None of Australia's biggest miners - BHP Billiton, Rio Tinto or Xstrata - has any liability under the minerals resource rent tax so far in 2012-13 and the government did not receive any revenue by Monday's payment deadline.