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Mr Abbott You Said The Mining Tax Would Go. (Read 3604 times)
imcrookonit
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Mr Abbott You Said The Mining Tax Would Go.
Apr 5th, 2013 at 6:08am
 

Libs to keep key plank of mining tax
Exclusive Andrew Probyn and Shane Wright Canberra, The West Australian Updated April 5, 2013.



The Federal Opposition plans to retain a key part of Labor's mining tax package, convinced it will generate billions of dollars in the decades ahead.     Huh

Shadow treasurer Joe Hockey has confirmed to _The West Australian _ that the coalition would keep the Government's extension of the petroleum resource rent tax to onshore projects.

Until the introduction of the mining tax last year, the PRRT was restricted to offshore oil and gas projects including the North-West Shelf and Bass Strait.

By extending its footprint to onshore reserves, the PRRT will capture massive amounts of tax from the expanding coal seam gas sector in Queensland and NSW.

Mr Hockey said the coalition still intended abolishing the minerals resource rent tax and insisted the decision to keep the expanded PRRT would not come as a surprise to the mining industry. "The coalition has been consistent in its message that our abolition of the MRRT will not automatically extend to the PRRT," he said yesterday.

"Those in the industry paying PRRT have been generally comfortable with this."

Mr Hockey's comments point to a change of heart by the Opposition.     Grin

A June 2011 report by a Senate committee chaired by WA Liberal Mathias Cormann said the MRRT and the expanded PRRT should be scrapped because they were irretrievably broken. "The MRRT and expanded PRRT are a further intrusion of the Commonwealth into the revenue sphere of the Sates and Territories," the committee found.

"The MRRT and expanded PRRT are top-up taxes which will increase complexity and increase distortions in the market."

The DomGas Alliance told Senator Cormann's committee that extending the 40 per cent PRRT to onshore projects could make some projects uneconomic and lead to higher domestic gas prices.

The coalition's policy U-turn is being partly driven by the revenue on offer from the emerging natural gas sector.

The PRRT on offshore oil and gas has netted the Government $1.4 billion so far this year. The MRRT has collected just $126 million.

Buru Energy executive director Eric Streitberg said the coalition's move was disappointing.
He said companies had hoped the coalition would mimic its policy of repealing the mining tax with the PRRT onshore extension.


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skippy.
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Re: Mr Abbott You Said The Mining Tax Would Go.
Reply #1 - Apr 5th, 2013 at 8:53am
 
Bump for the conga line of dimwits that swallow all of Abbotts lies, why are you you ignoring this ?
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adelcrow
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Re: Mr Abbott You Said The Mining Tax Would Go.
Reply #2 - Apr 5th, 2013 at 9:01am
 
Tony has to re implement Howards record levels of taxation if he's ever going to come close to filling his Magic Pudding.
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Go the Bunnies
 
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Swagman
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Re: Mr Abbott You Said The Mining Tax Would Go.
Reply #3 - Apr 5th, 2013 at 9:08am
 
The petroleum resource rent tax is not the mining tax stupid comrade Left heads.... Grin
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longweekend58
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Re: Mr Abbott You Said The Mining Tax Would Go.
Reply #4 - Apr 5th, 2013 at 9:11am
 
Swagman wrote on Apr 5th, 2013 at 9:08am:
The petroleum resource rent tax is not the mining tax stupid comrade Left heads.... Grin


a bit obvious except to dunderheads like labor supporters.
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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."
 
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FriYAY
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Re: Mr Abbott You Said The Mining Tax Would Go.
Reply #5 - Apr 5th, 2013 at 9:15am
 
skippy. wrote on Apr 5th, 2013 at 8:53am:
Bump for the conga line of dimwits that swallow all of Abbotts lies, why are you you ignoring this ?


Good, dumping the mining tax is stupid.
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adelcrow
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Re: Mr Abbott You Said The Mining Tax Would Go.
Reply #6 - Apr 5th, 2013 at 9:16am
 
Swagman wrote on Apr 5th, 2013 at 9:08am:
The petroleum resource rent tax is not the mining tax stupid comrade Left heads.... Grin


Ssoooo why tax one and not the other?
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Go the Bunnies
 
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Dnarever
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Re: Mr Abbott You Said The Mining Tax Would Go.
Reply #7 - Apr 5th, 2013 at 9:21am
 
longweekend58 wrote on Apr 5th, 2013 at 9:11am:
Swagman wrote on Apr 5th, 2013 at 9:08am:
The petroleum resource rent tax is not the mining tax stupid comrade Left heads.... Grin


a bit obvious except to dunderheads like labor supporters.



So it is not really the tax which is the problem just that is was Labor who put it in place.
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longweekend58
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Re: Mr Abbott You Said The Mining Tax Would Go.
Reply #8 - Apr 5th, 2013 at 9:24am
 
adelcrow wrote on Apr 5th, 2013 at 9:16am:
Swagman wrote on Apr 5th, 2013 at 9:08am:
The petroleum resource rent tax is not the mining tax stupid comrade Left heads.... Grin


Ssoooo why tax one and not the other?


why tax just CO2 and not sulphur or methane? why tax consumption and services but exclude food and health?
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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."
 
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skippy.
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Re: Mr Abbott You Said The Mining Tax Would Go.
Reply #9 - Apr 5th, 2013 at 9:41am
 
FriYAY wrote on Apr 5th, 2013 at 9:15am:
skippy. wrote on Apr 5th, 2013 at 8:53am:
Bump for the conga line of dimwits that swallow all of Abbotts lies, why are you you ignoring this ?


Good, dumping the mining tax is stupid.

I agree with you. But this about why your fan boy lied.
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John Smith
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Re: Mr Abbott You Said The Mining Tax Would Go.
Reply #10 - Apr 5th, 2013 at 9:43am
 
wow, he hasn't even won the elction yet and the backflips are already starting ... there's going to be a lot of dissapointed monkeys if Abbott wins.
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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.
 
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FriYAY
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Re: Mr Abbott You Said The Mining Tax Would Go.
Reply #11 - Apr 5th, 2013 at 9:45am
 
skippy. wrote on Apr 5th, 2013 at 9:41am:
FriYAY wrote on Apr 5th, 2013 at 9:15am:
skippy. wrote on Apr 5th, 2013 at 8:53am:
Bump for the conga line of dimwits that swallow all of Abbotts lies, why are you you ignoring this ?


Good, dumping the mining tax is stupid.

I agree with you. But this about why your fan boy lied.


Find 1 post Iíve made that even hints that I think Abbott will be any good and that I support him.

1 post.

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skippy.
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Re: Mr Abbott You Said The Mining Tax Would Go.
Reply #12 - Apr 5th, 2013 at 9:46am
 
FriYAY wrote on Apr 5th, 2013 at 9:45am:
skippy. wrote on Apr 5th, 2013 at 9:41am:
FriYAY wrote on Apr 5th, 2013 at 9:15am:
skippy. wrote on Apr 5th, 2013 at 8:53am:
Bump for the conga line of dimwits that swallow all of Abbotts lies, why are you you ignoring this ?


Good, dumping the mining tax is stupid.

I agree with you. But this about why your fan boy lied.


Find 1 post Iíve made that even hints that I think Abbott will be any good and that I support him.

1 post.


Wow this is becoming a habit, two things in common.
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FriYAY
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Re: Mr Abbott You Said The Mining Tax Would Go.
Reply #13 - Apr 5th, 2013 at 9:53am
 
skippy. wrote on Apr 5th, 2013 at 9:46am:
FriYAY wrote on Apr 5th, 2013 at 9:45am:
skippy. wrote on Apr 5th, 2013 at 9:41am:
FriYAY wrote on Apr 5th, 2013 at 9:15am:
skippy. wrote on Apr 5th, 2013 at 8:53am:
Bump for the conga line of dimwits that swallow all of Abbotts lies, why are you you ignoring this ?


Good, dumping the mining tax is stupid.

I agree with you. But this about why your fan boy lied.


Find 1 post Iíve made that even hints that I think Abbott will be any good and that I support him.

1 post.


Wow this is becoming a habit, two things in common.


I think the mining tax (of some description anyway) should stay.

I think the Carbon Tax should stay but be lowered, so it can be better absorbed by business, so we have to had out less to people it would affect and money raised go to infrastructure for renewables and preparedness for climate change.

2 major Abbott promises I donít agree with, for starters.

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polite_gandalf
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Re: Mr Abbott You Said The Mining Tax Would Go.
Reply #14 - Apr 5th, 2013 at 10:31am
 
longweekend58 wrote on Apr 5th, 2013 at 9:24am:
why tax just CO2 and not sulphur or methane?


methane is taxed under the carbon tax  Tongue
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A resident Islam critic who claims to represent western values said:
Quote:
Outlawing the enemy's uniform - hijab, islamic beard - is not depriving one's own people of their freedoms.
 
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