The questions that count

Is the mining tax enough?

Mar 20, 2012

CFMEU’s Tony Maher spells out why the MRRT won’t kill the mining golden goose.

In a few months, the tax which economists championed but which was the demise of a prime minister, will become a reality. When the super profits tax was proposed in 2009 few could have forseen the events it would produce — mining magnates Gina Rinehart and Andrew Twiggy Forrest crying poor on the back of a truck, a $20 million scare campaign by the miners and Australia’s historic toppling of a prime minister by his deputy.

This week on 3Q we examine the fallout which ended with a watered down mining tax which some say costs more to administer than it will produce – how exaggerated were the “facts” in the mining ad campaign? How different is it to its original form? And will any of the money go towards the big projects the Government has forecast — like the NDIS or the Gonski review?

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