This all seems a bit mixed up to me. Income tax, corporation tax, GST, mining tax, Carbon dioxide tax and royalties are all handled by the federal government differently. Yet they are all interrelated.

Income tax is based upon personal earnings, corporation tax is based on earnings before tax (EBT), GST is a consumption tax collected by the states but distributed by the federal government, the proposed mining tax is a tax on only mining companies as an additional tax on yet to be defined extra profits, royalties are levied by states for their state owned mineral rights and a CO2 tax on emitters and miners is “money in circulation” rather like Euro funding.

The CO2 tax is the most difficult to deal with because once collected it is distributed on the “dispensation of favors” basis, in theory everyone benefits by being able to make a case for a bit of the action. The public are unlikely to ever know if the amount spent is equal to, less than or greater than the sum collected. This is one of the prime causes of Euro-money contamination.

Each form of revenue raising affects the ability of the other taxes to raise revenue. State royalties reduce corporation EBT and therefore reduce the taxable amount of corporation and mining tax.

Therefore, for our federal government to incrementally and arbitrarily introduce new taxes before the September tax summit or a redistribution of GST is economic lunacy.

It has to be noted that whilst others are talking about mining royalties, Lara Giddings has already increased it in Tasmania, smart lady

i must note the exclusion of 'fuel'
from the 1000...[alone...lol..]..who must be paying..the big new tax

is it only 800 now [ie big poluters]..who 'will pay'?

so the big poluting transport mining agri'culture'...
are asured their 'petro'/polution...lol...wont be taxed

its turning into a typical july ju-LIAR spin
what her next disaster?

how is the sacking of the WHOLE coal industry..
going to create 'jobs'

are they and the transport mobs
not going to KEEP ON RECIEVING..their 12 billion fuel subsidies
on top of not getting a tax on their petro polution

will gas and heating oil also be excluded
[watch..that will be taxed...yet the kero..
of the airline INdust-try..as 'fuel'...wont be taxated?

its getting more messy ju-liar
go clean up your room
and clean up your act

we had enough of the drooling greenies
and the dribbling privateers
keep nibbling

and where to get the others...now exluded
to keep the.."only 1000 will/must...may? pay"..lie going