tax, page-3

My understanding is that the "super tax" is on top of the company tax which is currently 30% falling to 28%. So 28% plus 40% minus state royalties (deductible) = 58%.

The government hasn't been clear about how this will work and hence the panic selling

mining is a marginal business, this impost will put a large number if not the majority of projects in Australia into the too risky basket and will probably devastate the industry if it goes ahead

this is far more concerning than the GFC, if we can't get Krudd to backflip

I would be interested in going to a rally against this lunacy if anyone knows of any being organised