Thats straight from the people who represent the coal miners who take the profits off shore? There has been zero evidence of the resource tax stopping investment in coal mines. In fact the opposite, as Clive Palmer wated to open a new coal mine in Qld but was knockled back.
The tax only activates when the coal price exceeds certain levels, which means the super profits that go offshore are shared more equitably. It's our coal after all.
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