In my opinion it will not matter who is in power after the next election. If Rudd gets in then we will have the tax, if the liberals get in (and I hope to hell it is not abbott that is leader) then they will still introduce the new tax. All they will do is change it slightly and change the name so they can say it is not the same. Polly's only see the money they can embezzle so they can waste it on useless objectives that are designed for their own political agendas . The same thing happened when the GST was first brought up. One way or another the super tax will be introduced so we might as well get used to the idea.
What it means to WDR is in my opinion not worth thinking about. It will not be introduced for at least another 2 years and with clever accounting WDR would be able to come in under the threshold and not pay the extra tax anyway.
If WDR are making a super profit then they should be paying dividends and putting money back into the business. They would only be paying the super tax on nett profit not gross turnover. There are always ways to minimise tax and these companies are the kings of avoidance.
Lets just get back to drilling with more resource upgrades, if the resource is large enough then it will be mined.
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