http://www.theaustralian.com.au/business/mining-funds-already-going-offshore/story-e6frg8zx-1225862771468
If this was not the most obvious consequence to the 40% "supertax" I do not know what is. Good old Governments, always making such great decisions. I wonder how many companies will be left to take all of those resources "that all Australians own" in the next coming decades. The government can see that with it all sitting underground, it is going to make no one richer. They should have been happy with what they had. I love that in a great depression around the world the Australians decide to raise taxes on the main industry in their economy (not to mention the one industry that has essentially kept them out of participating in said depression/recession/coming inflationary hellhole). Thank you Mr. Rudd. You have truly inspired me.
Wednesday, May 5, 2010
New Austrialan Tax makes investing in other countries more attractive
Labels:
Austrialia,
Mining Companies,
Supertax
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment