Oooohhhhh lets bring out the conspiracy theoriesBernard Queen wrote:But you can see where this is going in the speculation about a government backdown -- it could drop these apparently worthless deductibility and transferability aspects and lift the rate at which the RSPT cuts in on profits -- from 6% to 11%. Such a change will have an impact on revenue, but would be offset by the reduced exposure of the Commonwealth to losses, and higher revenue from non-offset profits (yes, that's doublethink, I know -- if the treatment of losses is so trivial it wouldn't counter-balance the fall in revenue).
There's been an eerie silence on all this from one section of the mining industry -- the smaller, less-established miners, or those operating or investigating more marginal projects.
They'll be the ones thoroughly f****d over by such a deal, because that will destroy the very thing that makes the RSPT so appealing for them.
There's speculation that smaller companies have been leant on by the big players to keep silent. One source believes the big miners have used their considerable leverage over smaller players in areas such as infrastructure access to make sure they don't give any impression the industry is divided.
But the campaign being run in the media reflects the interests of the big, foreign miners such as BHP and Rio Tinto, not smaller miners.
Bernard obviously has no idea how mines or mining works. They are all against this because it is a DUD FUCKING TAX.
There's no leaning on, fuckwit
There's no leverage, you fuckhead
The reason why small miners are silent is because they know that this is a federal socialist scumbag attack on their business to seek out resources to prop up the spending of a shitfilled govt who couldn't manage a pissup in a brewery.
Try getting a job rather than writing a blog Bernard
