That's interesting... and a bit like what some so called "bootlegg " retailers did back in the state tobacco tax days ( buy wholesale smokes in Qld @ lower state tax rate and then ship to NSW or VIC who had higher tax rates...some individuals made a fortune before the loophole was closed via the Commonwealth taking over the scheme.)
Anyway .. your concept would properly work in principle ( less the transport and transaction costs) however the risk / reward ratio would be huge when ( not if) caught.. Think the industry is under enough pressure and scrutiny already and any attempt to subvert this erroneous evil tax would just bring further greenie wrath and public condemnation.
My guess is they will just suck it up as long as it is QLD. only . The ones who will have to suck the most are the Metallurgical Coal producers who command a higher price per tonne as the tax does not differentiate between Thermal and Met. coal ...just another example of gross over reaction and incompetence by the State Gov.
- Forums
- ASX - By Stock
- CRN
- News: CRN UPDATE 1-Australian state's coal royalty hike could nudge others to follow suit - analysts
News: CRN UPDATE 1-Australian state's coal royalty hike could nudge others to follow suit - analysts, page-7
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CRN (ASX) to my watchlist
|
|||||
Last
$1.34 |
Change
0.035(2.68%) |
Mkt cap ! $2.246B |
Open | High | Low | Value | Volume |
$1.31 | $1.35 | $1.29 | $2.692M | 2.025M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 874 | $1.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.35 | 47325 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 874 | 1.340 |
3 | 8814 | 1.325 |
1 | 4042 | 1.320 |
2 | 4652 | 1.315 |
1 | 4042 | 1.310 |
Price($) | Vol. | No. |
---|---|---|
1.345 | 47325 | 3 |
1.350 | 36472 | 6 |
1.355 | 4042 | 1 |
1.360 | 3338 | 1 |
1.365 | 5338 | 2 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
Featured News
CRN (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online