Tuesday, May 04, 2010
Expect inflation in metals and some precious stones
Yahoo: FTSE miners to be hit by 40pc Australian 'super-tax'
The government unveiled the new tax as part of a wider pre-election overhaul of the tax system. The government expects the new 40pc tax which will be levied on all mining projects from July 2012 to raise A$12bn (£7.2bn) in the first two years.
Posted by mark @ 01:00 PM (622 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. techieman said...
G'day mate
2. drewster said...
This is quite sensible of the Oz government. In most parts of the world, the big resource-extraction companies pay some kind of levy to the host government. It's akin to a Land Value Tax, except that it only applies to land which has whopping great mineral resources underneath it. Very sensible.
Of course if you're a shareholder in a mining or oil-exploration company, you're probably very worried right now....