Premier wants to scrap mining tax

Western Australian Premier Colin Barnett says he will ask the Prime Minister Kevin Rudd to either scrap or review plans for a super profits tax on the resources sector during talks today in Perth.


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I am pretty sure most super funds in Australia have large investments in the blue chip, BHP & Rio Tinto's & also other mining companies in Australia. So he [Rudd] has increased the amount that BUSINESS needs to pay in super by 3% but reduced the value of those superfunds in the last 2 days by 5%. Mate you are a genious K RUDD!!! Fund managers for Australian superfunds will now invest the savings of Australians overseas where there is less political risk to investment. A place where the crazy idiot prime minister isn't going to say ok guys, um, you owe me an extra 40% of your profit. A place with less political risk would be just about anywhere in Africa. Lets vote this moron out!!

While WA fortunately only has about 10% of Australia's population, it has about 33% of the nation's land area. This major portion of the nation, which also happens to be the engine room of the nation's economy, has to be serviced with infrastructure, roads, services, ports and the like. And yet Kevin recently slashed our GST return to about 6% of the national take. How can that equate? And now to truly show what disdain he has for our efforts, he decides to decimate our mining industry. It makes you wonder what his motivation is. There's no doubt Australia is the lucky country but you get the feeling our esteemed PM is doing his very best to kill the golden goose. The shame of it being that in bringing us down, in the end he will bring the whole nation down. There's bound to be a big black hole coming up and I'm certanly not feeling stimulated.

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