Rudd is saying that the long term bond interest rate is an...

Rudd is saying that the long term bond interest rate is an adequate rate of return on an investment, and anything above this is a 'super profit'......

Money will only ever flow to projects where the return is equitable to the risk involved. And, there are HUGE risk involved and many, many mining projects. We know this as individual investors in small, mid and large cap miners.

There is no doubt that this added cost burden (super profits tax) will knock any number of projects on the head. The multiplier effect of these investments (in may cases using foreign capital inflows to Australia) will be lost.

Just how much industry consultation took place in arriving at this new tax? Wouldn't it have been better just to raise corporate income tax across the board by, say 0.5 or 1%, and have the same revenue outcome?

Another Krudd and Co., half baked plan, IMO. Given the string of fiascos: ETS; School Bulding Program; Home Insulation; Free money handouts, can you honestly believe this one will be any different.

Cheers, Skip