Blog

Super Tax numbers sleight of hand exposed and 'worse for jobs'

Tuesday, 06 July 2010 07:58

The Government has been caught out adjusting the numbers to make its new tax look better and Treasury Secretary Ken Henry can't vouch for quality of Treasury estimates. What he can say is the new tax is worse for jobs than the old tax.

(Source AFR 6/7/10)

Doubt on pledge of $10.5bn in mine tax revenue

Monday, 05 July 2010 10:46

There is a pressing need for Australians to see the fine print and detail of the new super tax deal, with increasing question marks over the numbers.  The Opposition is calling for the modelling and according to The Australian, the Gillard government's new minerals resources rent tax may not raise its promised $10.5 billion in revenue.

Smaller miners to seek exemption from new tax

Monday, 05 July 2010 08:14

THE Gillard government's hopes of a quick end to its war with the mining sector may prove premature.Read this article in The Australian about the small Australian miners who feel left out in the cold.

How do Super Tax MkII numbers add up?

Monday, 05 July 2010 07:42

If you are wondering how so many concessions and a fundamental re-write of the super tax has still managed to secure almost the same revenue, read these two articles by Terry McCrann in The Australian and Geoffrey Lehmann in Australian Financial Review.

Revenue grab creates little revenue

Monday, 05 July 2010 00:00

The Resources Super Profits Tax (RSPT) comprised two aspects. One was its naked theft of decades of shareholder investment. The other was a tax increase on new mines that would derail the locomotive of the Australian economy. See this commentary on the tax and the revenue projections on ABC's The Drum by Alan Moran of the Institute of Public Affairs.

Labor called out on mental health as Coalition commits $1.5bn to the sector

Wednesday, 30 June 2010 20:12

Complete our short poll on mental health support and see Tony Abbott's full announcement.

Crean to push ahead with BER spending. Tell Comeon what you think.

Wednesday, 30 June 2010 12:26

Despite the horrendous waste, libraries with no books and halls many schools didn't want, the Government is determined to press ahead with the BER spendathon according to The Australian.  Is spending at any cost justifiable? Do you think this BER will result in improvements in the 3 R's? Tell us what you think.

Taxpayers fork out to fill ALP coffers

Wednesday, 30 June 2010 11:48

This Courier-Mail article features the new PM making two VIP aircraft trips to Brisbane in 24 hour for ALP fundraising.

And here we were thinking the mining super tax, climate change and boat people were JG's priorities

What do you think about this?

Labor senator sold mining shares

Monday, 28 June 2010 21:14

Another Labor parliamentarian who knows the super tax is bad while telling the community the tax is good for the country. AAP reports that Prime Minister Julia Gillard is set to face her first political hurdle following revelations a Labor senator sold mining shares a day after the resources super profits tax was unveiled. See the report in the Herald Sun here.

Super Tax is Swan and Gillard Policy too - keep the pressure on

Monday, 28 June 2010 10:52

Make no mistake, the super tax on our entire economy is not just Kevin Rudd policy. Current PM Julia Gillard and Deputy/Treasurer Wayne Swan were part of the tax decision. Some sources say that the Treasurer was the one fighting any compromise.