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Think you'll find the tax is on assets within Australia not...

  1. ReadingFC
    390 Posts.
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    04/05/10
    11:13
    Post #: 6650667
    Think you'll find the tax is on assets within Australia not overseas. How the Govt can tax an asset domiciled overseas is debatable. Not sure how a BHP would administer that given the numerous assets all over the world. The devil will be in the detail.

    And remember it's a Super profit tax, if DRA's 6 million cash flow is super profits then all miners will be very unhappy with the tax.
    DRA Price at posting: 7.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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