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  1. K

    Mining sector did not save country - Henry

    Absolutely. Every venture takes on risk based on an expected return. Now that expected return has had an unexpected tax burden imposed on it. Rudd sold the tax with the sweetener that failed projects would be recompensed. But he's taxing existing & risk free projects that succeeded, but...
  2. K

    Mining sector did not save country - Henry

    To put it another way.... Rudd wants to tax the surviving projects. Is he prepared to compensate the ones that didn't survive ? EG BHP dug 10 holes anticipating an average return 20%, half turned out to be duds and were canned, the other half return 40%. Rudd wants to tax the 5 (now risk...
  3. K

    Mining sector did not save country - Henry

    Does anyone know what happens to all the old projects that made a loss & have since died ? Are they eligible for 40% tax rebate ? Or is the tax retrospective for profitable projects, but not the rebate for the long dead losers ?
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