In order to debunk this tax , this is what they come up with in the above report.
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In the real world, this would still have some disadvantage for miners -- offered a choice of 100 per cent of a project in Chile or 60 per cent of a project in Australia, a mining company thinking of spreading its administrative costs might still opt for the one in Chile.
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So now mining projects are given the preferential go ahead based on the administrative costs involved in running a project.
It just gets siller each day.
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