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Rudd was quoting a figure of abt 17% of profits being paid by miners as company tax. Not even I think he is such a crook to invent the figure so I must think how he came to that conclusion. After thought I accept that it is possible. But it is also possible that most other trading...

Isn't that what I said?

Hang on! 50% of the gain is added to your taxable income. You don't pay 50% tax. :eek:

Is this a starting of introducing a marginal tax rate system we have for individuals into corporate tax system? Did you mean "progressive"? If there is any serious thought of this I could see thousands of companies being wound up and reverting to sole trader/partnership arrangements.