" Dr Henry said variants on this system had been trialled in Croatia, Brazil, Italy, Austria, Belgium and Latvia, and offered the "least-resistance path of reform". However, an IMF study said most of these countries had since abandoned that tax system."
An impressive list of countries indeed. They tried the crazy system and then abandoned it.
However Rudd likes to be out of step with reality and is just as likely to go for the great idea from Henry. If its so good for miners, why not for all business?
And when the govt has once again spent all that its raked in, lets up the tax rate to 100% as that must be even better again.
