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Analysis: Buswell's admirable tax stand

Troy Buswell might have made a few bad personal decisions in recent years but he is absolutely correct in refusing to surrender control of Western Australia’s ability to apply mining royalties to Canb

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Brisbane
Tim, very good article here. There are only three points I might add. First, that the so-called "two speed economy" trumpeted by some does in fact exist, but not in the sense that they think: the two speeds are not "mining vs other industry", but rather, "mining states vs non-mining states". Second, commodities prices remain artificially high because of the active disincentives towards resources development put up by both Federal and State requirements (protests against gas and coal development in the south west come to mind); all one has to do to lower commodities prices and resource development costs is to trim regulations that hamper development. And third, that development of natural gas resources will not only boost PRRT revenues, actively encourage manufacturing and chemical companies (by way of lowered costs per GJ), but will also reduce carbon emissions, as has been the case in the US (thanks to the unconventional gas boom over the past three years there).

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