what's going on for gir, page-14

Harry, firstly Labour needs to introduce it to the senate for voting, which i presume will be tied into the budget. So that is where it will hopefully get smashed and canned. So no done deal, and not even a policy yet.

Praia, you are right when you cannot understand it. It is just socialism really. They say the resources are all Australians. Hmmm so I guess the elderly should really get their spades and picks out so they can begin digging up 'their' portion, coz we know the mining companies are going to mine elsewhere. See, it isnt just the taxes that hurt miners, its the regulations, the restrictions, etc that all add up to a very difficult operating environment. This extra tax just adds more costs and less incentive to invest in Australia.

So now our sovereign risk rises, inversely our foreign investors decrease, and so starts the downhill spiral - lower capital investment, lower revenues, lower tax collections, lower wages and employment opportunities, lower economic activity, higher govt debts, etc etc. All to build a few infrastructure projects (which is a good thing, dont get me wrong) and to reduce company taxes by 2%. They say that helps average joes, but the reality is most employers are not companies, so it does nothing for them.

just a mess. Sorry, im tired and stressed. I am an accountant/tax adviser, and i have had so many queries already it isnt funny. And they are all worried. Nice one Mr Rudd!!