i have no doubt the tax will be modified but as long as labor retain power there will be a form of resources tax- it is logical that you base your investments along those lines.
Will BHP, RIO disappear ? No
Resource companies will adapt - they will probaly become more creative with their accounting too
In a few years time this will all be forgotten and we will have moved on.
dont be shortsighted
The risks are that labor will spend it
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Shanthar Pathmanathan, MD
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