Gillard’s indirect tax plans still ruffling feathers
17 February 2012
Matthew Gilleard - ITR
Not only has opposition to the Australian government’s carbon and mining taxes failed to subside as the implementation dates grow closer, it has even had a resurgence in recent weeks.
Reluctant acceptance of the inevitable from those who will be affected has not been universal – far from it. Last week the opposition party renewed demands for the government to release further details relating to the costs of the minerals resource rent tax (MRRT) – which it describes as “a fiscal train wreck in the making” – while the Australian chairman of aluminium company Rusal this week lobbied for the suspension of the carbon tax’s introduction.
Tony Abbott’s liberal party claims that the costs associated with Gillard’s MRRT far outweigh the revenue it is expected to bring in.
“The government cannot expect the Australian parliament to make fully informed decisions about the mining tax without the full details of this $10.6 billion tax grab,” said the shadow treasurer Joe Hockey. “The government must immediately release all modelling, assumptions and outcomes that underpin their mining tax.”
“On the government’s own...
This article is available to subscribers of ITR Premium only. Please login to read the rest of this article.
If you would like to gain access to related content from our other products, please upgrade your current subscription.
Subscribe now
This article is available to subscribers only. To gain acess to to the rest of this article please subscribe to ITR Premium.
Subscribe