Kevin Rudd finished?

[XAGSV8]

Originally Posted by vztrt

Remember the Libs started this internet filter policy. Conroy just went on with it.

Incorrect, the Howard government introduced a free software package that was 100% optional for families that had to be ordered. Only 2000 families in Australia took the option up. Conroy's is completely different.

[robjg33]

Originally Posted by XAGSV8

Please be aware the mining companies already pay for the minerals in the form of mining royalties to the states. So we are getting a slice of the pie so to speak. The resources belonging to Australia is only a catch cry for the current government to justify their reasoning behind the tax. Without this tax they have a 12 billion dollar hole they have to fill. If the minerals do belong to Australia the mining companies can simply leave it in the ground for us to dig up when we want it.

fyi
At the beginning of 2010, the contract price of coking coal was around $163 per tonne. At this price, the royalty payable by a mining company digging up coal in Queensland is $13.30 per tonne. A few months ago another round of contract negotiations took place between mining companies and their overseas buyers, and reports suggest that coking coal contract prices were settled at around $225 per tonne in Australian dollars. At this price, the royalty payable is $19.50 per tonne. This means that under the current system of royalties, $55.80 of the $62 per tonne increase in price goes to the mining company, with the royalty payable increasing by only $6.20 per tonne.
In addition, the Government also refunds royalties – so businesses that don‟t have much profit will actually pay less tax.
The RSPT will encourage investment by replacing multiple royalties schemes with a single tax and sharing the risk between miners and the government.
The current system of royalties means that companies are paying tax on every tonne of ore they extract – even before they have made a profit.
The super profits tax will remove royalties – meaning that mining companies won‟t pay tax until they are profitable – indeed until they have earned a return on their investment.
– The RSPT in fact shares risk between companies and the Government - the Government contributes 40 per cent of the cost of the investment through deferred tax credits.
The RSPT will restore the share of mining profits going to the Australian people to where it was in the early 2000s.

1. UNDER RSPT MARGINAL MINES WILL PAY LESS TAX
DAVID BUCKINGHAM – EX CEO MINERALS COUNCIL – 17 MAY 2010 Facts: Under the RSPT, less profitable mining companies will actually pay less tax.– a company earning less than 10 per cent returns will pay less tax.

[robjg33]

Originally Posted by GT Falcon

You like the mining tax and want your slice of the resources pie, go buy mining shares. You can have as many slices as you like. Or, if you actually, seriously think you deserve some, go and BUY a mining license, get a SHOVEL and dig the ***** up yourself!!!!!

its not actually that simple

lets not forget this
n 2008-09, there were 7,284 fuel tax credits paid to the Mining industry, which gives a dollar value of $1.749 billion.
Thttp://www.ato.gov.au/content/download ... H14EGS.pdf
Fuel tax credits are available to business at a rate of 16.443 cents per litre for vehicles greater than 4.5 tonnes GMV.
However for mining industry activities this rate rises to 38.143 cents per litre with no restriction on the size of vehicle or machinery consuming the fuel.