to wisdomofsilence
you have it so wrong me thinks
Australia is safe as a holiday nation and is political
stable as far as safety democracy goes and people are friendly ..but
raise taxes to high and you severely slow down new projects
and makes australian tax system political risky so called sovereign risk
you need a stable tax under both labor governments and liberal
even if this new big tax on miners is scrapped so much damage
has already been done, in the eyes of investors and you need investors to start new project 57% tax is scary it is so much higher than other nations
once governments start to introduce taxes over 50% 57% in this case
you can start to talk about carl marx and das kapital
or whatever the book was called super profits were mentioned in that book
when miners make more money the gov gets more
corporate tax and royalty tax they already paying fair share
if they make 1 billion more they will pay corporate tax on that
more profits to gov i just do not understand the thinking of some people
cheers
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