super tax myths and facts, page-34

TCI ,the planning ,logistics ,and massive investment in projects these days makes sovereign risk extremely important factor for investment for major projects now .
The Sovereign risk comes about from the shocking increase in tax Rudd is trying to apply .Its half way towards nationalisation .


Australia is already one of the highest taxing countries in the world .

If it wasnt for the freight advantage on bulk minerals we would be lucky to have an industry .

There will be more serious affects for non bulk minerals ,because once we give African countries a boost we will be a sorry country .We just wont compete .

We will be left with an aging iron ore industry .
Coal is on the way out within 10 - 15 years in my opinion .Renewable energy breakthroughs will seal coals fate in the medium term .