But that's the beauty of introducing third world political risk and making this thing retrospective to many projects that would not have even started and did not plan for this usurious tax.
They've been trapped. And their cash flow!!
Who in their right minds wants to risk billions of dollars to pay nearly 60% on tax?
If this thing goes ahead Rudd will destroy our mining industry, investment, jobs and the ripples will spread right through the Australian economy.
There will be serious questions asked for investing in anything. After all, who will know what Rudd will randomly choose to attack next?
But that's the beauty of introducing third world political risk...
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