Comment: Mining the profits tax
A 40 percent tax on mining super profits may "potentially punch a big hole in government revenues" down the track, says UNSW's Dr Nigel Stapledon.
Published on the 24 May 2010
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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Media contact: Marie Kelly | 02 9385 5895 | 0408 256 381 | mariek@unsw.edu.au