"And business also knew that the mining sector produced a fair bit of wealth that was passed around...so to have the company tax rate reduced at a cost to mining could possibly come at the expense of less income / profit." ------------------------------/
Mining > 80% foreign owned. The profits went into developing mines further which gave rise to accelerated depreciation benefits for the miners. All the while increasing wages and inflation and thus interest rates and AUD. The very things that make our non mining home grown businesses struggle.
Should spread the benefits of the "boom", not just the problems.
