Tuesday, May 25, 2010

Minara Resources criticises resource rent tax

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This article by the SMH highlights some of the mining industry response to the Rudd government's resource rent tax. Minara Resources is threatening to move investment offshore, and says it will pay a 58% tax rate on its profits. This of course far exceeds other nations and industries.
The Canadian government has welcomed the Australian move to higher tax rates as it moves in the opposite direction.
Andrew Sheldon
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