Whether this government is wasteful or not is totally irrelevant to the question of whether these companies should pay more tax. Totally. Might suit Noddy Abbott for a bit of spin, but it's irrelevant.
It may serve to get you a few plus signs with the simpletons, but it is irrelevant to the basic proposition.
What is relevant, is that these companies are not paying enough for the privilege of selling natural resources.
I know this statement will be met with the standard simplistic response, BUT, I will remind you that not all Australians can afford to invest in these companies. Yes, we know, they're all dumb and lazy blah blah blah......
Surely I don't need to explain the obvious differences of mining companies as compared to banks. If you can't see that, then you are simply blinded by the dollars factor.
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Whether this government is wasteful or not is totally irrelevant...
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Shanthar Pathmanathan, MD
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