rrt - the age, page-14

Thanks Highopes,

Can't explain it any better. The market seems to be treating it as an additional 40% tax on profits, whereas it is really only an "additional 10%" on the "super profit" portion. Not welcome, but not that bad.

This should also mean a higher franking credit which in the end should not have such a significant effect on an investors net return on investment. A big over-reaction I say.

A great time to buy in again because the SP should recover once the whole thing blows over. Besides, Rudd will bring out a diversionary statement soon to calm things down lol!