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Mining Tax Confusion Dogs Election

By Joel ScanlonAug 22 2010

Senator Bob Brown of the Greens may be in the mood to negotiate but Prime Minister Julia Gillard is not. She was speaking to the National Press Club in Canberra regarding the fate of the Minerals Resource Rent Tax when she said that a re-elected Labor government would have a mandate for the tax.

She also ruled out compromising the tax plans in deals with the opposition to help pass the law. The legislation will currently raise an additional $10.5 billion in tax revenue in the next two years from the mining companies.

The Australian Greens who hold the balance of power in the Senate after the elections on Saturday have asked for the tax rate to be increased. They wish to raise an additional $2 billion from the mining tax in the coming two years.

Opposition Leader Tony Abbott on the other hand has said that if they come to power they will scrap the tax. He also said that the Greens support of the tax paved the way for deals on other policies. Even as Julia Gillard swore that there would be no horse trading.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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