Swan plucks golden goose
PHILLIP COOREY CHIEF POLITICAL CORRESPONDENT
Sydney Morning herald May 3, 2010
In the single biggest tax impost since the introduction of the GST, the government announced a 40 per cent resource super profits tax to be levied on the mining sector from July 1, 2012.
The Prime Minister, Kevin Rudd, and the Treasurer, Wayne Swan, said the nation’s resources belonged to the people and they should receive a bigger share, especially in times of plenty.
”Our resources belong to all Australians, and Australians do deserve a fair share,” Mr Swan said.