Mike Henry said the iron ore tax would threaten BHP's investment plans. Photo: Attila Csaszar

BHP renews attack on Nationals

BHP Billiton’s top Australian executive has stepped up the company’s criticism of the WA Nationals' planned iron ore tax hike, two days after an opinion poll found high support for the proposal.


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what is the actual payment 25 cents or as bhp say $17.50

West Leederville
I would like to know what effect (if any) would the possible $5 per ton additional impost on BHP and Rio have on the calculation of WA’s proportion of the GST. I seem to recall having read recently that in fact the biggest beneficiaries by far of the $5 could be Tasmania and South Australia. If this is correct, how can any resident of Western Australia promote or support such a levy as a good idea for this State? Also, if the assumption is correct, was it mentioned to the 1,700 voters contacted in the ReachTEL pol?

According to BHP's Financial Reports last financial year the global price of iron ore averaged US$44 per tonne. As the price is currently US$55 per tonne they must be doing very nicely but don't expect them to ever acknowledge that!! Of course we will be told it is all doom and gloom, it will destroy the industry, it will put expansion plans on hold, there will be enormous job losses etc, etc and it will bring tears to the eyes of the gullible. The Australian Tax Office is in dispute with them over the tax they haven't paid alleging profit transfer to their "Singapore Marketing Hub" so I will treat anything they say with the contempt it deserves.

Busselton, Western Australia
I agree with the Nationals leader. Some WA State agreements are ancient and require review, especially rents and fees payable. Every cent these companies have ever spent on building their business is written off via taxation regimes via depreciation or straight deduction as a cost of operating a business. So we, the people, and the Federal government have effectively subsidised big business in sustaining huge profits. Competitive neutrality and a level playing fields is required. New junior miners do not get same benefits as major companies who have State Agreements (used as incentives). I say its time to review all State and Federal agreements, royalties and fees etc. The rich get richer, the poor get poorer. Wake up Australia!

Why not simply link it to CPI - 0.25c in 1960 = $2.03 in today's $ Seems like a meeting in the middle might work for all parties?

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