Rudd-Gillard Super Profits Tax
Greens say they will raise Mining Super Tax
Fairfax press reports that Senator Brown declared yesterday that he was not bound by the tax agreement hatched earlier this month between Labor and BHP Billiton, Rio Tinto and Xstrata. He claims he will have a re-election mandate to increase the tax.
The super tax is far from dead and today it's clear that Gillard has done a preference deal with a man determined to increase the tax. Sign our petition, spread the word and tell the Senate you DON'T want the tax. We have only three weeks to send the message to Labor, Liberal and Independents and unless a significant number of Australians stand up, an increased mining tax will almost certainly become law under a Gillard-Brown Government.
Mining tax frightens investors
Excerpts from the ABC's Inside Business showing longer term concern about the mining tax. The full interview can be seen on the Inside Business website
What Others Say about the Super Tax
See the comments below from finance and tax experts, workers, contractorsand other industry leaders...even some worried ALP candidates.
Questions and Answers
Your questions answered here... As the tax has changed, but the underlying modelling is unclear, some of the questions relate to the previous PRST with some information still relevant to the MRRT, others are more general. We will update these FAQs soon, but our blog and campaign page has the latest commentaries and information. The Government has limited the information available abiut the latest changes and underlying numbers.
Rudd-Gillard Super Tax - the Facts
The so-called Resources Super Profits Tax was recommended in the Henry Review of Taxation. It was part of a proposed package with around 138 recommendations for reform – of which only a handful were accepted by the Government. Not surprising for a Government that has incurred record debt and deficit a big, new 40% tax was adopted. It has been a policy disadter since it was announced.
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