Investment bankers are starting to come out with preliminary statements about the Resource Rent Tax slowing Australia's economic growth. The SMH media article cites a 0.5% reduction in growth by UBS, but this ignores the other impacts which we cited in our article, i.e. Sovereign risk deterioration and cost of capital increase, in addition to the reduced investment. They also ignore the lost capital gains from subdued interest in capital acquisitions. Their estimates were preliminary.
------------------------------------Author
Andrew Sheldon
Resource Rent Tax
Applied Critical Thinking | www.SheldonThinks.com
No comments:
Post a Comment