henry review at a glance, page-37

i think alot of you are missing some important facts , the 40% resource tax will only be directed to actual resources dug up in australia , and for this reason RIO has much more to loss than BHP , as RIO is more concentrated in aus , companies extracting resources over sea's will still only pay there australian tax's as before. also these companies effected will get a rebate for there state tax's paid , the only good thing i can make out of all this , is it politically helps a step closer to getting rid of all the useless state governments sooner rather than later.
i will be watching mainly RIO and to sme degree BHP tomorrow for a possible bounce trade.

ps im not sticking up for Rudd as i cant stand the man


cheers see u all tomorrow on the day trading threads and look forward to all new comers participating