"Last Tuesday, Martin Parkinson, the Treasury Secretary, used the annual post-budget address to examine the uncertainties in the economic outlook. While his speech was wide-ranging, one component stuck out: the suggestion that the rapid growth of mining was "dampening tax receipts as a share of the economy", with "the accelerated write-offs provided for many mining assets" being "of particular importance". "
More reading at Henry's blog.
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Miner's taxes pay for PM's follies