Miners could pay 58 per cent tax: Swan

Miners could pay 58 per cent tax: Swan

There are 14 comments on the Shepparton News Online story from Jun 8, 2010, titled Miners could pay 58 per cent tax: Swan. In it, Shepparton News Online reports that:

Treasurer Wayne Swan has admitted that some miners could be paying up to 58 per cent tax under the federal government's proposed resource profits levy.

Join the discussion below, or Read more at Shepparton News Online.

“Etc - End of Thinking Capacity”

Since: Nov 08

Ballarat, Australia

#1 Jun 8, 2010
No
Keyan Farlander

Australia

#2 Jun 8, 2010
Ahh it's not so bad. You work a 5 day week, 2 of them are for the government. So for mining companies it's just like working 3 days for them instead of 2. Either way you still work 5 days. It helps everyone! More money for centerlink.
let me reiterate

Penrith, Australia

#3 Jun 9, 2010
If we are permitting the mining industry to rape our land and destroy our environment then we should at least be getting some extra money out of the deal. Unfortunately, however, this will only give government even more reason to give EPA approval for every area the mining companies set their sights on.
Australian Greens

Australia

#4 Jun 9, 2010
let me reiterate wrote:
If we are permitting the mining industry to rape our land and destroy our environment then we should at least be getting some extra money out of the deal. Unfortunately, however, this will only give government even more reason to give EPA approval for every area the mining companies set their sights on.
Rudds tax is an ill concieved money grab. The fact that he's tagged their earnings as "super profit", shows his intentions. He's not concerned about the environment, he's concerned about breaking even after pissing money up the wall with the other ill concieved stimulus package and rebate schemes. This government may have had good intentions, but is floundering and basically taking the most convenient lifeline at the expence of many. Miner's are largely shareholders and employers, not privately owned by fat cats. Why doesn't he hit bank and other company administrators/CEOs up for their ridiculous pay offs? They're the real bloodsuckers in our economy. If big profit companies paid workers more, like miners already do, government would generate more income tax as a result.
Yank Oliver

Sudbury, Canada

#5 Jun 9, 2010
Great news for the US and Canada.
Adelaidean

Australia

#6 Jun 9, 2010
Biggest mistake we are making with our natural resources is failing to value-add before exporting.
Petroleum

Australia

#7 Jun 9, 2010
Keyan Farlander wrote:
Ahh it's not so bad. You work a 5 day week, 2 of them are for the government. So for mining companies it's just like working 3 days for them instead of 2. Either way you still work 5 days. It helps everyone! More money for centerlink.


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let me reiterate

Penrith, Australia

#8 Jun 9, 2010
Australian Greens wrote:
<quoted text>
Rudds tax is an ill concieved money grab. The fact that he's tagged their earnings as "super profit", shows his intentions. He's not concerned about the environment, he's concerned about breaking even after pissing money up the wall with the other ill concieved stimulus package and rebate schemes. This government may have had good intentions, but is floundering and basically taking the most convenient lifeline at the expence of many. Miner's are largely shareholders and employers, not privately owned by fat cats. Why doesn't he hit bank and other company administrators/CEOs up for their ridiculous pay offs? They're the real bloodsuckers in our economy. If big profit companies paid workers more, like miners already do, government would generate more income tax as a result.
The flip side of having one industry handing out hefty pay packages to employees is that this creates inflationary pressure upon the cost of housing and groceries etc., thereby benefitting no-one and making living expenses less affordable for anyone in any other industry who works where the miners operate. It also means that many small businesses cannot get staff because everyone wants to work at the mines.
jim

Albany Creek, Australia

#9 May 19, 2012
Labor rats are gone in 18 months Thomson and slipper will be in jail, and swan will be drinking at home fearful to show his face at the public bars in the Brecky Ck or Hamilton hotels. Rudd will be still treating the local cabbies like shit, but paying his own fare.
Brickies-Laboure r

Brisbane, Australia

#10 Sep 2, 2012
Love it. Swan probably drinks at home now because most of the guys at the Creek don't think his worth a squirt of ferrets piss and they were labor voters, until he opened ugly mouth.
Balamo

Australia

#11 Sep 2, 2012
Australian Greens wrote:
<quoted text>
Rudds tax is an ill concieved money grab. The fact that he's tagged their earnings as "super profit", shows his intentions. He's not concerned about the environment, he's concerned about breaking even after pissing money up the wall with the other ill concieved stimulus package and rebate schemes. This government may have had good intentions, but is floundering and basically taking the most convenient lifeline at the expence of many. Miner's are largely shareholders and employers, not privately owned by fat cats. Why doesn't he hit bank and other company administrators/CEOs up for their ridiculous pay offs? They're the real bloodsuckers in our economy. If big profit companies paid workers more, like miners already do, government would generate more income tax as a result.
The commonwealth bank just posted a profit of $7.1 billion, if that isnt a super profit then what is?
Brickies-Laboure r

Brisbane, Australia

#12 Sep 2, 2012
Australian Greens wrote:
<quoted text>
Rudds tax is an ill concieved money grab. The fact that he's tagged their earnings as "super profit", shows his intentions. He's not concerned about the environment, he's concerned about breaking even after pissing money up the wall with the other ill concieved stimulus package and rebate schemes. This government may have had good intentions, but is floundering and basically taking the most convenient lifeline at the expence of many. Miner's are largely shareholders and employers, not privately owned by fat cats. Why doesn't he hit bank and other company administrators/CEOs up for their ridiculous pay offs? They're the real bloodsuckers in our economy. If big profit companies paid workers more, like miners already do, government would generate more income tax as a result.
The banks don't own the money. It belongs to millions of Australians who deposit there money with the bank for a return in the form of interest. If the bank just took our money for no return we would change tactic and hide it under the bed. Banks have to get money from somewhere and they must make a profit, and that profit is returned to the people who invest there money in the bank like normal Aussies who might only have a couple of grand invested. People get dirty on the Banks.Why? the banks are
made up of depositors and shareholders who own the banks. I remember in the late 70's and early 80's when interest rates on a home loan were as high as 17% with all banks. The problem now is people get there credit card debts really high and added on to there home loans which I understand are about 8%, and then they get dirty on the banks because there have stuffed up and can't handle there money. Maybe the Banks should sell out to a Muslin or Chinese Bank and they'd have to sell there arse to get out of debt.
Carnegie

Carnegie, Australia

#13 Sep 2, 2012
bye bye economy... stupid Labour attacking the only thing holding this thing together. Abbot is a Muppet but anything is better than this current idiot green labour government.
Brickies-Laboure r

Brisbane, Australia

#14 Sep 2, 2012
I hate this Labor Dogs with a vengeance, but I'm concerned that Abbott is treating his job as a bit of fun. Maybe Turnbull might roll him soon. Who knows.

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