Published on June 18, 2010 by Technology Slice
The Government says the old tax system has failed to keep pace with the spiralling profits generated by the big miners. The miners believe the new tax is not a tax on “super profits” but on very mild profits. This is how the tax would work. Under the current system, mining companies pay 5 per [...]
Tags: 100 Million, 5 Million, 60 Million, Business Company, Business New, Company Tax Rate, Current System, Depreciation, Effective Tax Rate, Federal Tax, Initial Investment, Miners, Mining Companies, Money, Operating Expenses, Pace, Profits, Royalties, Royalty, Rudd
Posted in General
Published on May 2, 2010 by Technology Slice
Big Tax Increase On Miners Earnings – Opposition Leader Tony Abbott has attacked the Federal Government’s announcement to impose a new tax on mining companies as part of its much-anticipated response to the Henry tax review. Companies will have to hand over hundreds of millions of dollars each year under the resource super profits tax [...]
Tags: australians, boom, Cutting Company, Decade, Dollars Each Year, Earnings, Federal Government, Incentives, Infrastructure Fund, Miners, Mining Companies, Mining Industry, Mr Abbott, Opposition Leader, Pace, Parliament, Prime Minister, Profits Tax, Tax Cuts, Tony Abbott
Posted in Money
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