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Kevin Rudd to Face Tough Questions in Labor Caucus

Australian Prime Minister Kevin Rudd will face questions in Labor caucus today on the handling of the Resources Super Profits Tax or RSPT. The government is standing by its proposed 40% tax rate and its application to existing mining projects in the country.

The last sitting of parliament a fortnight before the election is going to be dominated with talks about the RSPT. West Australian federal Labor MP Gary Gray thinks that it is important to get the debate settled in the next few weeks.

The uncertainty over the mining tax will have a damaging effect on the mining industry as per Mr. Gray who is also the Parliamentary Secretary for Western and Northern Australia. The mining industry is a key wealth generator and part of the national economy.

Many feel that he and Treasurer Wayne Swan have been pushing the tax despite its potentially drastic effects on the nation’s economy. The prime minister is set to expect some tough questions about the law, its suitability and its implementation today.

Joel Scanlon

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Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.

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