Australian Treasurer Wayne Swan defended the government’s mining profits tax Thursday after reports that no revenue had collected in the first quarter due to China-driven cooling in the sector.
The conservative opposition seized on claims in The Australian newspaper that the tax on so-called “super profits” had reaped nothing in the first three months of the financial year to June 30, 2013 as proof it was a botched policy.
via Business feed http://www.scmp.com/business/economy/article/1069317/australia-defends-mining-tax-after-zero-earnings
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