Galaxy Resources unaffected by super tax

Galaxy Resources says the proposed resources super profit tax will not affect its operation near Ravensthorpe, with profits from the mine to come from a Chinese entity not subject to Australia's tax laws.


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Las Vegas, Nv.
Seems to me if the Galaxy people are reading the situation correctly, you are likely to see an exodus of downstream value-added facilities moving to the 3rd world countries for processing/beneficiation. It has happened before and strong management teams will do it again. Why not? Fools; just another name for Politician!

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