More left wing socialism colliding with reality. Labor reckon you can just keep building fat useless govt and tax the winners to pay for it. Lol. Argentina alive and well In The sunny state. These idiots can't survive without mining. They would be broke. Same with Canberra. Coal for steel will be required for decades you twats.
BHP said that, combining the royalties with income taxes, this equated to an adjusted effective tax rate of 62%.
“Given the negative impact on investment economics resulting from the change in coal royalty rates and the increase in sovereign risk due to the decision to raise royalties without consultation, we will not be investing in any further growth in Queensland,” the company announced in its half yearly report.
Hawke and Keating would be horrified at these morons.
