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Citizens are entitled to RSPT

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...

Miners Gouge Australia Twice

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.”...

She’ll be right, mate

photo credit: pierre pouliquin Staggering sums of money generated by the commodity boom are providing cash bonuses for mining executives and riches to mine owners beyond their wildest dreams. The problem is, that money belongs to you and me.  It is our country being...

Delighted. And red-faced with anger

photo credit: CarSpotter Australia is delighted to hear our two world-leading miners, BHP Billiton and Rio Tinto, announce record profits and giant capital investment programs. Our pleasure ends right there. Both these titans are majority owned by foreign interests...

Can a tax be beautiful?

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...

Mining Democracy

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...