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Wayne Swan Says Mining Tax Not Up for Discussion

By Joel ScanlonSep 8 2010

Wayne Swan the treasurer seems at odds with the tax summit being offered to key independent MPs in return for their support to form a Labor government. Mr. Swan said that the tax was not on the summit agenda and that he would like to get this into legislative shape as quickly they possibly can.

He said that while he would not stop ideas from the Henry Tax Review being discussed at the summit, they had already been rejected previously by the government. He added that the tax would not be on the summit’s agenda as the government was in the process of designing the measure and preparing legislation for parliamentary approval.

The 30% Minerals Resource Rent Tax or MRRT had been negotiated in July by Prime Minister Julia Gillard and the three major mining companies. However this had not been seen as satisfactory by a number of smaller and mid tier mining companies who have been asking for another revision of the tax.

Two of the independents who have won support for the summit for backing the Labor minority government are Rob Oakeshott and Tony Windsor. Of them Mr. Windsor is very keen to discuss the mining tax at the summit.

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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