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The MRSWPRT will replace the Rudd-Gillard-Rudd Government's ill...

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Newton999

2,531 Posts.

66

06/04/25

19:35

Post #: 78576359
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Originally posted by JCoure: ↑

Another broken promise was the $275 lower energy bill promise just like the Stage 3 Tax Cuts.

This home batteries pledge will be countered by the Mineral Resources Super Windfall Profits Rent Tax (MRSWPRT) which will be multiple times worse than the MRRT.

The MRSWPRT will replace the Rudd-Gillard-Rudd Government's ill fated, ill targeted and unproductive MRRT.

A second term Albo Government's MRSWPRT at 40% rate on profits above $10 million and not the 30% rate on profits above $75 million like the Gillard Government's second term MRRT.

The MRSWPRT could destroy mineral resource production in australia and curtail BHP, RIO, FMG, PLS, MIN and others.

You would not want to be a BHP, RIO, FMG, PLS, MIN and others mineral resource producer sholder in Australia right now. Capital likely to go down especially on Mad Monday.

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The MRSWPRT will replace the Rudd-Gillard-Rudd Government's ill fated, ill targeted and unproductive MRRT.

ALP now doing what Clive Palmer proposed four years ago, and was ridiculed for it.
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