"not good for the rest of the economy"
About every economist quoted would agree with Bob Brown - the high AUD off the back of the strong mining industry is adversely impacting
manufacturing
tourism
education
and any other industry that competes with imports
A higher MRRT would cool down the mining industry and provide additional tax revenue enabling support for impacted industries and individuals via lower tax as originally proposed.
I own BHP, RIO, WPL, STO and OSH, notwithstanding I support a higher mining tax
"not good for the rest of the economy"About every economist...
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