92% of neg gearing claims is on existing prop, page-8

  1. 7,247 Posts.
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    You will be pleased to know this will give me more time to concentrate on the forign miners and the taxes they should be paying.

    Any more taxes on the coal industry will lead to massive job losses. There are heaps of articles about how tight the margins are for Australian coal. So regardless of what you think about how much tax they should be paying, any more tax and they WILL sack workers.

    Not to mention extra taxes scaring the pants of would-be new investors in Australia. Why would they bother?
 
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