Australia's super-tax on miners fails to deter Chinese investments
Australia's recent plan to impose a super-tax on mining groups will not deter Chinese companies from investing in that nation's mining sector, industrial insiders said.
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#1 May 5, 2010
Naturally, as their corporates understand populist electioneering when they see it.
Like any discussion about free money, Labor's talk about wresting a greater slice of our common-wealth back from multinational shareholders (thanks for finding it for us!) is a well-calculated populist move to win votes. Along with well-orchestrated protestations from miners and even a public change of heart from one junior, it is sure to keep the election spotlight far from any real issues, if Libs and the press allow it to happen.
Plus the fact that it will never happen under this government means that investors with the nous to see through KRudd's wind turbine stand to make even better profits!
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