Yes I'd like to know the details that every body knows too,...

Yes I'd like to know the details that every body knows too, article from the Australian..........

BHP Billiton Ltd has declined to say how much it will pay in total effective tax under the federal government's mineral resource rent tax, according to The Australian.

The miner had previously said the now-dumped resource super profits tax would see its effective tax rate in Australia jump to 57 per cent, from 43 per cent currently.

Analysts quoted by The Australian said the MRRT will see mining companies paying a total effective tax rate of 35 to 44 per cent.

Meanwhile, the Minerals Council of Australia yesterday said it will not release any tax rate estimates before the MRRT consultation has been completed, The Australian reports.

Earlier this week, BHP Billiton chairman Jac Nasser said the MRRT was a "good foundation" but still required detailed work before implementation.

"We will work with the government to ensure that the final outcome of the minerals taxation proposal maintains the international competitiveness of the Australian resources industry and is in the long term interests of all Australians," Mr Nasser said in a letter to shareholders.

Moody's Investors Services has said the new tax deal, reached after a long stand-off between miners and the federal government, is not likely to cause "undue negative impact" for the miner.

"For a company like BHP Billiton, the new tax not only reduces the tax burden on its coal and iron ore operations (relative to RSPT), it also exempts other products, such as nickel and copper, which would have been captured under the RSPT," Moody's said in a statement.