austgov website - detailed explanation of rspt

Thanks to Dogbone who posted this on another thread

http://www.deewr.gov.au/Department/Documents/Files/Announcement%20document.pdf

Absolute key point is the RSPT will be a deductible expense for income tax purposes, so that after income tax, the
effective rate of RSPT will be less than 40 per cent.

Media hasn't helped the fear this has created, shorters milking this opportunity to maximum no differently than during the GFC.

Government execution has been pathetic (at least PM Rudd is being consistent)