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Tuesday, March 20, 2012

Resource super profit tax - Australian miners unhappy

Tuesday, 20 Mar 2012

The Association of Mining and Exploration Companies, which represents small and mid tier miners, condemned the tax.

Association chief executive Mr Simon Bennison said “The tax is simply unfair to smaller emerging miners, and is so complex that the administrative and compliance burden on industry and government will be extreme. “The introduction of this anti-competitive legislation in Australia will only further push investment capital offshore, and change our reputation as a safe place in which to invest.”

Source - Reuters

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