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  1. lizzie

    I pay super profits tax why not miners

    the government is desparate for the tax to pass - purely because they've promised to bring the budget back into the black, and this is the only way they know how. much easier than reducing spending or becoming more efficient. bit like painting acylic over gloss without bothering to do any...
  2. lizzie

    I pay super profits tax why not miners

    yes - whyalla. okay, so the pop is now around mid 20's. when we lived there all the locals would just say "town of 30,000", but i gather there have been a few layoffs in the mill since. the mill is the lifeblood of the town. there is very little viable farming country around to service...
  3. lizzie

    I pay super profits tax why not miners

    it's not moot because the digging up of the ore, and making of the steel is two different arms of the same company - the digging up arm will make profit and have to pay super tax - which is passes on to its buyer - the steel making arm which, because of the increased price raw material cannot...
  4. lizzie

    I pay super profits tax why not miners

    hubby works for a mining/steel company and they are very concerned at this new tax (internal memo's). having just spent $40mil on upgrading one of their steel facilities in a remote location supporting a town of 30,000. if they have to pay a much higher tax on the ore that they dig out of the...
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