Australia Resource Tax (Economist)

The Economist published the article about the economic and political justification of a tax grab. Australia, the industry’s largest source of many minerals, proposed a new, 40% tax on what it defines as “super profits”. The outright impact of the tax, along with how it is applied could have a severe impact on the Australian resource sector, says Ray Ball. see:http://www.economist.com/business-finance/displaystory.cfm?story_id=16064047&fsrc=rss