gillard and swan are hoping to get $10bn from the miners via the MRRT
apparently the original deal was that royalities were factored into the total
the lower the royalty the more money the fed government gets
the higher the royalty the less the government gets.
all the states will probably be controlled by the coalition.
they are not likely to lower royalties. if anything they will raise them.
this will mean that the government will get less revenue.
Clearly the government stuffed up.
It now appears that the government is trying to reneg on the original deal and take a fixed percentage above the royality.
if they don't reneg on the deal with the miners their budget will go down the toilet.
All owners of shares in BHP and RIO will have to wear this.
http://www.abc.net.au/am/content/2010/s3092458.htm
- Forums
- Political Debate
- gillard swan budget in disarray
gillard swan budget in disarray
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)