Read More: Select Committee on Fuel and Energy mining tax report
- Publishing Date
- 06 Aug 2010 12:01pm GMT
- Author
- Mining Journal
MJ Read More
The Mining Journal website includes the second interim report from Australia's Select Committee on Fuel and Energy on the mooted new mining tax.
The Select Committee notes that the government "sought to impose its so-called Resource Super Profits Tax without having engaged in any meaningful dialogue with industry or state governments". The government then announced its new Minerals Resource Rent Tax and expanded Petroleum Resource Rent Tax, again without adequate discussion.
The Select Committee concludes "this new tax on mining is still bad for the Australian economy and it is still bad for jobs", and recommends that "the new tax on mining be scrapped immediately".
The Select Committee notes that the government "sought to impose its so-called Resource Super Profits Tax without having engaged in any meaningful dialogue with industry or state governments". The government then announced its new Minerals Resource Rent Tax and expanded Petroleum Resource Rent Tax, again without adequate discussion.
The Select Committee concludes "this new tax on mining is still bad for the Australian economy and it is still bad for jobs", and recommends that "the new tax on mining be scrapped immediately".
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