Anger at Australia mining tax
The Australian government has proposed a “super-profits” tax for giant mining corporations in its annual budget released on Tuesday. The country escaped the global economic slump almost completely unscathed, thanks largely to its massive mining industry. A proposal to impose a 40 per cent tax on “super-profits” made by mining companies has now prompted an uproar among industry players. Al Jazeera’s Harry Fawcett reports, from Kalgoorlie in Western Australia. (11 May, 2010)
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Tags: aljazeera, Australia, economy, fawcett, harry, Mining, natural, resources, super-profits, tax