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The Forum > Article Comments > Super profits tax is a just impost on miners > Comments

Super profits tax is a just impost on miners : Comments

By Gavin Mooney and Colin Penter, published 14/5/2010

Mining companies are granted privileged access to resources owned by the Australian people. They should be taxed.

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Why would mining companies bother investing tens of millions of dollars in exploration, production and jobs, over years and in some cases decades, on the chance that they may make a 6 percent return. Would it not be easier just to raise capital and then deposit it at the bank for a risk free rate of return? So it would be good to see some real examples from Mr Swan for both small and large companies on how this proposed tax will impact the mining sector and the economy at large, so that we can all make an informed decision on its merits.
Posted by Aston, Wednesday, 19 May 2010 8:20:58 PM
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