The mining tax is pay for perfect but if it taxed more miners — not just those who mine coal and iron — it would be better, says Dr Richard Denniss of The Australia Institute.
Minerals Resource Rent Tax
Bartholomeusz: MRRT shortfalls aren’t BHP’s problem
It was inevitable that BHP Billiton’s extraordinary interim profit performance would lead to calls for the Gillard government to rethink its proposed mineral resource rent tax.
The magician’s assistant: Henry gives the game away
Treasury Secretary Ken Henry has confirmed that the changes to the government’s resource rent tax regime only reduced the revenue by $1.5 billion because commodity price forecasts were revised between the two taxes.
New tax a win for common sense and for the PM
While the opposition looks set to oppose the MRRT, Julia Gillard has come up with what appears to be a very well-designed compromise in a remarkably short time.
Far more serious matters than RSPT undermining confidence
Just wait for the big miners to start bleating about lower prices, even after the favourable impact of the fall in the Australian dollar is taken into account.
Memo Julia: an ugly economy dictates an early poll
Memo Julia: fixing the mining tax is the easy deal, just give away as much as the mining industry wants, which you have done. Your next big test is in what’s happening in the markets.
Miners dig the new tax
The government has given the mining industry nearly everything it wants — and dramatically slashed the rate that would have applied under the RSPT.
Done deal: Gillard’s mining tax compromise
Daily Media Wrap: It was the compromise we had to have, with Julia Gillard announcing this morning the government’s new deal with the mining industry.
