The Forum > General Discussion > What Hypocrisy -The Mining Industry vs The Feds
What Hypocrisy -The Mining Industry vs The Feds
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the ongoing political controversy between
Government and the Mining Industry.
Mr Rudd and the "economists" are telling us
that the Mining Industry should pay more Tax
on their mining ventures because the mineral
resources that are being mined "belong to all
of us",( all the people of Australia ) yet a
Freehold Landowner does not own any of the
mineral resources contained on or beneath
the surface of his land, nor is he entitled to
any Royalties for the onward sale of minerals
that have been mined on his property,...in
actual fact he owns nothing at all, bar the
right to keep on paying his annual "rent"!
The right to ownership and profit from the
onward sale of these minerals is vested in the
mining company licensed to carry out the mining
operation( who would then be required
to pay SOME Tax ) according to the laws of the
country!
Methinks this smells of Government hypocracy,by
applying one set of rules to the Mining Industry
and another set of rules to the individual landowner,
purely to inject the maximum amount of tax into the
Government coffers!