The duffer's guide to the Resource Super Profits Tax
Thursday, 17 June 2010 15:24
Here is a good, simple "duffer's guide" to the proposed super tax. It shows that companies are paying around 41% tax now (not 13-17% as the Government tried to con the public) and will pay up to 58%. Notably, the tax is a windfall for Treasury and the Government with less than one third of the revenue raised being used for the things the Government is claiming the tax is for. It's a tax grab. This is a simple explanation for people who are interested in the mechanics.
At ComeOn we simply believe that a $9billion per year tax slug on a major export industry is bad for confidence, bad for jobs and bad for the economy - and it affects all of us.
