Saturday, July 3, 2010

The Mining Tax

In a race to the last, the Mining Tax has overtaken Climate Change Action
as the weeks biggest story. The Greens view on the revised tax is highlighted below in
two press releases from Senator Brown and Greens MPs. You may consider
taking action by expressing how this revised tax package (and the process
undertaken to get here) affects you.





***
Greens seek Treasury advice on multi-billion dollar mining tax loss
(Greens MPs)

"Billions will now be unavailable for health and education. That is not
counting small business having to pay an extra one percent tax to help
cover the mining barons' Gillard windfall," Senator Brown said. The Greens
continue to argue for a substantial part of the tax revenue to go into a
sovereign fund to help secure Australia's future and such long-term
projects as high speed rail, linking our capital cities."


***
Backdown puts one percent tax burden on Australia’s small business sector
(Greens MPs)

"Australia's job-rich small business sector will pay 29% tax rather than
28% to fund the Gillard government's backdown to mining corporations
Australian Greens Leader Bob Brown said in Hobart this morning. That will
cost thousands of jobs in the future economy. "In the end, Parliament will
decide if this Gillard and mining baron deal stands. Australians will have
a say at the next election when they elect a new Parliament, including a
new Senate" Senator Brown said "Notably, uranium has been excluded from
the tax," Senator Brown said."

1 comment:

Anonymous said...

Dear Editor,

At the same time as "the rich get richer the poor get the picture"
courtesy of Midnight Oil is stuck on replay in my head, as one of the
small business owners who will now be worse off because of the agreement the government has made with the mining industry, I have to say how disillusioned I am with democracy in Australia today.

My right to vote for who should lead our country was removed less than two weeks ago. Yesterday the Government's right to set taxes as it sees fit was effectively handed over to a single industry who decided to hold the country to ransom - setting worrying precedents around "closed door negotiations" in the process.

I certainly agree that the tax revenue gained under the deal is
significant and if that revenue gets spent in the right way that will be
good for Australians. But the revenue doesn't meet budget expectations, so what is going to be cut? Health? Education?

Again it is the process that is concerning. Is it only those who shout loudest that are entitled to be heard?

Sincerely
Brisbane Resident