billion dollar bungle saved mine deal

That is the headline in todays West Australian. Julia Gillard has been able to give the nation's miners big concessions to win their backing for a new tax because Treasury massively under-estimated how much the original resources super profits tax would reap. Treasury's MISCALCULATION allowed the new Prime Minister to give the miners generous concessions while losing just $1.5 billion of the $12 billion originally estimated to be earned in the tax's first two years. These are the people leading Australia..