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The Forum > General Discussion > Kevin Rudd a considered opinion

Kevin Rudd a considered opinion

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Sorry bloke, respect you, but you are going of half cocked.
In about a month we will have an understanding and a tax that is fair, bank on it.
My shares are suffering because of the Euro not Rudd.
Some claims by miners are making me giggle like a kid, going of shore to mine what?
often we are the only place to get it.
can you denie our share of the dollar for our minerals has dropped 20% in the last 20 years?
Posted by Belly, Friday, 21 May 2010 5:10:00 PM
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Belly, just today they had John Seymour from Price Waterhouse
Coopers on ABC rural. He says that some mining companies would
have to pay up to 75% in tax, 65-70% more common. Why on earth
should investors bother? They don't need the minerals after all.
Its the Chinese who need them and frankly bloke, you know little
about how the Chinese do business, if you think they are going
to pay a heap of taxes.

Investors in London, who have been financing mining developments
in Australia, see your Rudd more like Noddy in Toyland, so
will simply focus elsewhere. Places like South America are
wide open. Brazil already has the world's largest iron ore
miner.

I have not seen the figures from 20 years ago that you are referring
to, but first I would check as to who put them together. For the
figures that Swan was quoting from, when he annouced all this,
were pure shonk. He quoted royalites, conviently forgetting
company taxes and other taxes that miners pay in Australia.

Belly don't you ever tell me that your union wants highly paid
jobs, for I'm going to rub this one in your face for a very long
time :)
Posted by Yabby, Friday, 21 May 2010 5:30:10 PM
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