what if ... ife is up 13.5 cents ..., page-4

Rudd cannot afford to do a back flip. Hes become cornered by a reputation of failed promises and backflips with the ETS, the pink bats and the solar programs among others.

Hes dangled the super carrot to the punters, and for some reason linked its survival to the RSPT.

So there will be no backing down on this one. There will be negotiation and tweaks, but it will still be called the RSPT and it will survive if Rudd survives.

Look to see the cut in rate increased from 6 - 10 or 11%, and hopefully he will eliminate the rebate for falied ventures, but dont expect too much more imo.

This will help IFE ande it will help the sector, but fact is the damage to international investor confidence in Aust recource sector as a safe and profitable play is done.

London is shunning us as we speak and looking to Africa and Canada with lower tax regimes and now it would seem safer from a soveriegn risk perspective.

Make no mistake an unannounced 40% tax grab, that was endorced by a PM advocating forieng investors as pilferring our resources, has shocked the investment worlds confidence in Aust as a safe place to invest.

Right now any nation threatening a 40% take on profit, irrespective of the fine detail is not worth the risk.

Lets hope they do a backflip, but i think its only possible if Gillard rolls him.