resource rentals

Citizens are entitled to RSPT

on

PM Gillard’s defiant speech to the Minerals Council of Australia yesterday – asserting national ownership of our mineral wealth and the country’s right to a share of the bounty being dug up and shipped out – was good politics, good economics and a much needed assertion that government makes the decisions, not the wealthy. But […]

Read more

How government policy provides rich pickings for Australia’s billionaires

on

Philip Soos’ latest withering attack on privilege from The Conversation today. Over the last year or so, the Occupy movement has garnered wide attention, with people of all backgrounds gathering to protest the deteriorating social conditions. However, these grievances have been running for decades. The bottom 80% of US income earners have seen their wages […]

Read more

Miners Gouge Australia Twice

on

photo credit: yewenyi “The mismanagement of both the federal tax powers and Australia’s natural assets by the Gillard government is sickening,” Prosper Australia Campaign Manager David Collyer said today. “They are allowing the miners to gouge our country twice.” “Treasury modelling estimated the new mining tax negotiated by the Gillard government will bring in $100 […]

Read more

She’ll be right, mate

on

Last Thursday, the Australian Financial Review leaked Treasury forecasts that the revenues lost in the Gillard Government’s back down on the mining tax will exceed $100 billion over the next ten years

Read more

Delighted. And red-faced with anger

on

If anyone needed evidence that we live in a plutonomy, here it is. Australian citizens would be rioting in the street if they understood this conspiracy.

Read more

Wage-earners subsidise land owners – again

on

The Gillard government today announced a levy on income taxes to pay for the Queensland floods: half a per cent on incomes over $50,000, one per cent on incomes over $100,000

Read more

Can a tax be beautiful?

on

photo credit: Fabrice ROSE The Senate Select Committee on New Taxes is pondering the implications of the Mineral Resource Rent Tax, holding a hearing yesterday in Perth. Here is a new tax measure that, even diluted for the election, will still raise over $10 billion a year. This is a beautiful tax: it doesn’t distort […]

Read more

Australians should be very, very angry – we get no RSPT

on

photo credit: Grégory Tonon   This week’s backdown by the federal labor government on the Mineral Resource Rent Tax will cost Australian taxpayers $35 billion over the next ten years. The shortfall in government revenues will be made up from taxes on work and taxes on business.  That means it is coming out of your […]

Read more

Mining Democracy

on

photo credit: Urban~Spaceman Miners finally agree to tax reform. What are the changes? The attempt to harness economic rents for the public good has been renamed from the Resource Super Profits tax to the Mineral Resource Rent Tax. The MRRT kicks in at the corporate bond rate plus 7%. That is 12%, rather than the […]

Read more

Has our Prime Minister been replaced to suit the overseas shareholders of BHP and Rio?

on

“Gillard must come out strongly and call the lobbyists for who they are. She must assert control over the RSPT rather than negotiate with each and every individual company.

Read more

https://prosper.org.au/tag/resource-rentals/page/3/