State pockets $1.4bn from the Hunter but where's our share
THE State Government has pocketed more than $1.4 billion from Hunter-based authorities in taxes and dividends over the past two years, as crucial projects continue to go unfunded in the region.
A Herald investigation has found that State-owned authorities paid more than $614 million in taxes and a further $831 million in shareholder dividends to the Government in the past two financial years.
The majority of money, or $799,412,000 was collected from Macquarie Generation, which runs Bayswater and Liddell power stations in the Upper Hunter.
Under the National Tax Equivalent Regime, which was set up to establish a level playing field for business, government-owned authorities are taxed at federal income tax rates.
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