The Gillard government's mining tax deal will not likely lead to an increase in debt issuance, according to analysts.
Australian Prime Minister Julia Gillard says further consultations and talks will be held with the mining industry players regarding the new mining tax implementation.
Talks over the Gillard government's watered down mine tax announced on Friday carry on as junior iron ore companies propose further concessions in a meeting with Resources Minister Martin Ferguson in Perth today.
Tony Abbot promises to rescind PM Julia Gillard’s new tax on mining if the Coalition wins the elections despite mining giants supporting the new deal.
Andrew Forrest, chief executive officer of Fortescue Metals says that PM Gillard’s new tax on mining had placed only a “reasonable framework” for further negotiations.
An industry group lauded the federal government’s increasing commitment to the country’s superannuation system and declared that millions of Australians are set to enjoy comfortable retirement, thanks to further payments earmarked to the fund as afforded by the revised mining tax.
Tony Burke, Minister of Federal Agriculture has announced that the government will not intervene with the China apple imports, dowsing hopes of the local apple industry.
An economist, who along with 19 economic experts signed a letter of support for the now revised resource super profits tax, said today that the announced mining tax compromise would send a chilling signal that determined corporate manoeuvrings could actually influence government policy decisions.
The Australian government has dropped intentions for imposing 40 per cent tax on thriving mining profits on Friday, preventing a damaging row with key business players and paving the way for smooth national elections.
The Australian Retailers Association (ARA) scored today the federal government’s backtracking move on the planned company tax rates as a result of its revised mining tax which has been adjusted to collect $1.5 billion less revenue from the previously announced set up.
Big miner Xstrata will resume a key project that it postponed after former Prime Minister Kevin Rudd proposed the troublesome resources super-profits tax.
The Australian Securities and Investments Commission had admonished consumer credit providers it will be scrutinising their history carefully before it grants them a licence to operate.
Following the news of a revamped mining tax, a lobby for smaller mining companies argued that the federal government's decision was shaped out with the big three miners at the expense of others.
Global miners were encouraged by Gillard's announcement of a revamped resource super-profits tax, which has previously infuriated the industry in its original state.
Prime Minister Julia Gillard announced today in a press conference in Canberra the revisions involving the resource super-profits tax.
Australian Prime Minister Julia Gillard has announced that her government has reached an agreement with mining companies on a new resources tax.
Metal producers welcomed the possibility that they may be exempted from the Gillard government's modified resource super-profits tax, arguing that they deserved to be treated differently to bulk commodities coal and iron ore.
Australian Prime Minister Julia Gillard will hold a news conference in Canberra early Friday to announce a deal between the government and big miners has been struck, ending a dispute that removed her predecessor from office.
The government has announced that it will extend the drawdown relief presently given to superannuation pensions that are account-based to the fiscal year 2010-2011.
The government of Queensland has announced that it intends to push ahead with QR National’s public float despite coal companies’ offers to purchase the coal rail network.
Greens leader Bob Brown warned today that any agreement on the RSPT reached behind closed doors could be amended in the Senate.
River Murray irrigators in South Australia will start the new fiscal year with an opening allocation for irrigation at 21 per cent today.
The Gillard government and Australia's big three mining companies are now on the brink of an agreement that would end one of the biggest government-private sector debates in history.
The Gillard government has cautioned it may have to forego company tax cuts and higher superannuation contributions to counterbalance any loss of revenue from a potential agreement with the mining sector over the troublesome RSPT.
The government and the Australian mining industry have not reached an agreement regarding the proposed mining tax, but Treasurer Wayne Swan said discussions are continuing.
Australia's first female Prime Minister, Julia Gillard has won the support of investors, but with a caution that any postponement to a compromise agreement with miners over the RSPT would stoke an investor revolt.
The Australian Chamber of Commerce and Industry (ACCI) urged the federal government to continue with its planned business tax breaks amidst the emerging possibility that the government would not be able to forge a deal with resources companies on its proposed resource super profits tax.
Declaring that negotiations with the mining industry members are "good," Australian Prime Minister Julia Gillard will likely unveil a compromise with the sector on its planned tax measures.
Workers will keep more of their incomes beginning on Thursday as the federal government gives out the final stage of income tax cuts on July 1.
Prime Minister Julia Gillard has denied allegations the Federal Budget is dishonest because it includes $12 billion in earnings forecast to come from the controversial RSPT.
