The Australian mining sector’s response to the Government’s proposed new tax on resources.
Australia
Joined May 2010
- Tweets317
- Following0
- Followers830
- Likes0
Canada's leading tax authority: The proposed super tax overlooks the effect of the burden on investment. http://j.mp/9dDSvr
The latest KPMG report models mineral returns in a RRT scenario, in addition to the status quo and the super tax models. http://j.mp/azZmd0
Colin Barnett speaks out against the super tax on Lateline, describing the effects as a tragedy for Australia. http://j.mp/9gkKha
The Advertiser: SA is on the edge of a mining boom that will benefit everyone, but the super tax may kill off that boom. http://j.mp/c73Ud4
UGL Ltd: Uncertainty over the super tax may see work dry up in the construction industry within 12 months. http://j.mp/cE0oxm
Ernst & Young economists: Super tax is flawed, and will cause job losses and increased volatility in tax revenue base. http://j.mp/caK7UV
MIT economics professor: This is not a neutral tax. It will have an adverse effect on production & investment decisions. http://j.mp/cPUheR
MD of Sirius Fund Management: Shareholders "will pay the increased tax and it is their wealth that will be diminished". http://j.mp/cStaab
The Australian: The wider mining industry's three fundamental concerns are still not being addressed - http://j.mp/anoGr6
Stephen Bartholomeusz: This tax would kill off one of the largest resource developments in modern Australian history. http://j.mp/9eQoOm
We debut another new ad today, a message from a contractor, which can be viewed here: http://j.mp/d1wFkc