As another pre-emptive mining industry campaign fires up to warn the government off considering removing tax concessions to fund corporate tax cuts, it’s worth doing a reality check on the track record of industry in opposing government decisions.
It was a tax that was "one of the greatest assaults on the living standards of Western Australians I have ever seen in the history of Federation", one Liberal senator Liberal senator said; one that demonstrated "all of the morality of carpetbaggers and burglars". Another Liberal senator declared it would "have disastrous consequences for our sovereign risk profile". "Our reputation has gone down the drain because of this. Every single large project boardroom is saying: 'What is happening in Australia'?"