Politics News

An accountant’s view: the nonsense on the mining tax

By | | comments |

"As someone who has worked as an accountant or financial analyst for most of the last couple of decades, including in the mining sector, I have been watching the debate about the mining resources super profit tax with some bemusement. People like me understand tax and why businesses make – or don’t make – investment decisions. It is becoming disturbingly apparent that ordinary punters are not getting the information they need to make a reasonable assessment about the merits of this proposal."

This story by David Donovan, an ex-accountant, was published on Newscorp's The Punch website on 15 June 2010. It talks about the misinformation spread by the Government, economists and big mining about the mining resources super profit tax. Donovan also makes suggestions about the way the tax could be restructured to stop is being a disincentive to business and investment in the mining sector.

Read the full story here.

 
Recent articles by David Donovan
School lunches, royal tours, foreign wars & the myth of Australia’s classless society

Imprisoning children instead of feeding them, pandering to our royal masters and ...  
EDITORIAL: School lunches, royal tours, foreign wars and the myth of Australia’s classless society

The notion Australia is a classless society is an utter furphy.  
Paying a King's ransom

King Charles-the-whatever is coming to Australia on 18 October until some other ...  
Join the conversation
comments powered by Disqus

Support Fearless Journalism

If you got something from this article, please consider making a one-off donation to support fearless journalism.

Single Donation

$

Support IAIndependent Australia

Subscribe to IA and investigate Australia today.

Close Subscribe Donate