Like the Mineral Resources Super Windfall Profits Rent Tax (MRSWPRT) that the Albo Government will impose after the election.
Like the original MRRT that Albo was involved with under Rudd-Gillard-Rudd Governments, the MRSWPRT was going to be 30% but could be as high as 40% and was going to apply after $75 million as under the Gillard second term Government but under the second term Albo Government could come in as low as $10 million AUD.
40% tax on every $1 that BHP makes on resources after the first $10 million AUD each year would in the present tariff war cause a potential merger not only between BHP and Glencore but probably involve enormous solvency issues for RIO as well depending on how debt is treated under the MRSWPRT or its equivalent.
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