Arab Today, arab today australian gov\t introduces mining tax bills to parliament
Last Updated : GMT 05:32:06
Arab Today, arab today
Arab Today, arab today

Australian gov\'t introduces mining tax bills to parliament

Arab Today, arab today

Arab Today, arab today Australian gov\'t introduces mining tax bills to parliament

Canberra - Xinhua

The Australian federal government on Wednesday introduced its controversial mining tax legislation to the parliament, despite yet to secure enough support from cross- benchers to get the bills pass through. Assistant Treasurer Bill Shorten, who introduce the draft laws of Minerals Resource Rent Tax (MRRT), said the mining boom will not last forever and the government has to make the most of the opportunity \"while the sun is shining\". He said the tax will apply to the most highly-profitable mines after extraction, but will allow new investment to be written off. \"This is the right reform at the right time, this is a proud day for all Australians,\" Shorten told the parliament in Canberra. \"This landmark legislation is part of a reform package that will build and strengthen our economy.\" The federal government currently lacks the support to get the bills through the parliament, as the minority government needs support from four non-Labor MPs to secure 75 votes against the Coalition\'s 74 votes. While key Independent Andrew Wilkie is yet to come to a decision on the tax, Tony Windsor said he will support the tax only if the government agrees to provide hundreds of millions of dollars to fund scientific studies of coal seam gas projects\' impact on sensitive farm land. Another key independent, Rob Oakeshott, is making similar demands. Draft laws to extend the Petroleum Resources Rent Tax to all oil and gas projects were also introduced to the lower house on Wednesday. Debate on the MRRT and the Petroleum Resource Rent Tax Assessment Amendment, along with nine other related bills, is continuing, and the government is hoping the bills will pass the lower house by the end of the year. The MRRT, which will apply only to iron ore and coal, is due to begin on July 1, 2012, and is budgeted to make about 11.4 billion U.S. dollars in its first three years. 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australian gov\t introduces mining tax bills to parliament Arab Today, arab today australian gov\t introduces mining tax bills to parliament

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australian gov\t introduces mining tax bills to parliament Arab Today, arab today australian gov\t introduces mining tax bills to parliament

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Airbus CEO says won't cling to job

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Norway seeks 'Tesla tax' on electric cars

GMT 08:17 2017 Friday ,13 October

Norway seeks 'Tesla tax' on electric cars
Arab Today, arab today Safaa Sultan happy for “Love School”

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:19 2017 Wednesday ,11 October

Bosy reveals behind her participation in festival

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:16 2017 Friday ,13 October

Lufthansa to swallow lion's share

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday