Is BHP the First Aussie Co to Lose $100B in Value, page-3

A big contributor to the current woes is the structure of the royalties regime. The intent is for Australia to get a return on it's assets yet it taxes profits? Why not tax the asset? Structure it similar to the way our personal income tax is and you'd find quickly that ALL producers would be taxed very little on the first few million tons produced but the rate would increase as production increased.

It provides an incentive in low priced environments (like this one) to cut production and inflate the price and everyone wins AND Australia would actually get a return on its assets.

But I'm the same as hagetaka, BHP has good fundamentals and there is money to be made once everyone else goes bust, but their unethical behaviour has destroyed the IO market in the short term, so its about sitting on the sidelines and waiting for the bottom.