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Barnett concerned about WA investment

Premier Colin Barnett says companies are reviewing their investment decisions in the state in light of the federal government's proposed new super tax on miners.

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Perth
This proposal needs to be cut down at any cost. We cannot allow the Australian Government to attack the prosperity of the state and the resulting impact on the nation. If you want to increase your yield from non-renewable resources then divert more profits into the state economy. Mandate percentages of locally owned and operated content in the major contracts floating around. Encourage outsourcing and innovation, drive in new production methods. Drive profits into the local economies. Draining 40% of profits from these giants puts the money into the hands of those least likely to know how to manage it. The wasteful and incompetent federal government... This is a disastrous, arrogant and suicidal move. A tragedy.

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