SYDNEY: New Australian Prime Minister Julia Gillard on Friday announced a compromise deal with major mining companies over a 40 percent super tax on resource profits that helped topple her predecessor.
The tax headline rate was slashed to 30 percent for coal and iron ore profits from 40 percent, while the threshold at which the tax will kick in will be raised to 12 percent from the proposed five percent level, she said.
"I can now announce that we have reached agreement on the basic structure for minerals taxation for the future," Gillard told reporters in Canberra.
- AFP/de
Posts
A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
-
One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
2 weeks ago
No comments:
Post a Comment