Analysis: Follow the money, not the spin

28-Jul-2010

Comments: (2)

If the new mining tax is so bad for small iron ore companies that a fresh anti-tax advertising campaign is required why have their share prices risen over the past week and not fallen?

Interesting question isn't it, and one which appears to have got lost in the political hoo-ha of the election campaign.

I'd like to register please

8 free articles per month + business email alerts twice daily

Tags:

Wayne Swan

Comments:

Simon Weather

The iron ore price has gone up 13% in the past week. No need for comspiracy theories here.

Noel Bodley

I am more interested in the governments spin on the decimation of the superannuation funds as these affect average families and particularly those self funded retirees,many of who are far more sensitive and affected than the 'big end of the block'. Or is the solution to simply increase (mandatory) contributions putting those people at higher risk of losing more money, A good idea may be for the government (of the day) to guarantee contributors to (their) compulsory superannauation schemes that they would never loose their hard earned retirement savings, and if this did happen these losses would be offset against any tax obligations which individuals may have,