Posted in | Mining Business

Opposition Will Rescind Resources Super Profits Tax

Getting ready to exploit the proposed mining tax in the fast approaching elections the coalition opposition has promised to rescind the Resources Super Profits Tax (RSPT) under a Tony Abbot led government.

This comes at a time when the Australian government is under pressure from all sides to secure a compromise with the mining industry by the end of the week.

Opposition resources spokesperson Ian Macfarlane was speaking on ABC Radio on Thursday when he said that the deal would be done with the government holding a gun to the miners' head. He said that it was almost impossible to imagine a deal which would not leave the mining industry less competitive internationally.

On Andrew Forrest's statement that he saw a compromise in sight, Mr. Macfarlane said that he has a right to his own view, but it did not represent the view of the entire mining industry. He also said that Ms. Gillard was looking for a political solution to a business and economical problem.

Joel Scanlon

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Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, content production, design, animation, database and networking, software, and editing. Joel has been with AZoNetwork since its inception in 2000.

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