The ambitious plan for a 40 percent tax on all mining profits has provoked a furious response from Australia's biggest mining companies. Leading economists too are questioning the wisdom of the Federal Government further increasing its exposure to the cyclical fortunes of the resources industry.
Down the track, the decision may "potentially punch a big hole in government revenues", says Dr Nigel Stapledon, from the Australian School of Business. Read his comments in the latest issue of Knowledge@Australian School of Business, the new free online business journal.
Did the government pick the wrong tax from the 138 recommendations in the recently released Henry Tax Review, asks Associate Professor John Taylor, Head of the School of Business Law and Taxation. Listen to a podcast interview here.
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