19.1 C
Byron Shire
March 9, 2021

Mines tax not Greens fault

Latest News

Seapeace: the late Tony Maxwell’s wetland legacy

Many curious minds have pondered the purpose of the rice paddy-like waterbodies that scallop the contour lines out into the Ewingsdale coastal plain that can be viewed from St Helena Road.

Other News

Bangalow blackspot puts school children at risk

Will action ever be taken to protect school kids getting on and off the bus on Lismore Road, Bangalow as trucks fly by at 80km/h?

Not quite ‘too late’

Desmond Bellamy, PETA Australia Sir David Attenborough, the world’s most famous naturalist, has just addressed the United Nations Security Council to...

PM forced

Narelle Rendalls, Ballina With reference to the recent serious sexual assault allegations in Canberra, our Prime Minister has a lot to...

Mandy Nolan’s Soapbox: Dear Brittany

We watched you. We watched you break the silence. We heard the truth shatter like a glass hitting the tiles.

Cartoon of the week – 3 March, 2021

We love to receive letters, but not every letter will be published; the publication of letters is at the discretion of the online and print letters editors.

Parking permits

Liz Levy, Suffolk Park Why has Byron Shire Council decided to impose a layer of digital tyranny for residents wishing to...

Aniko Papp, South Lismore

Re the letter to the editor from Robin Harrison ‘Mining industry rules, OK?’ in Monday’s Echonetdaily.

According to the Financial Review reports at that time, in March 2012, the Greens supported the government’s mining tax, on a number of conditions. Those conditions included limiting tax cuts to big business and ensuring a revenue stream. They relied on government promises of over $100 million a year taxes flowing into the coffers; the Greens still wanted a higher tax take then but settled for guaranteed monthly revenue reviews by the government and leaving the way open to increase the tax take.

Senator Brown said that the reviews were a ‘start’ but what was needed was a ‘stronger review with the aim of increasing the tax take as soon as possible. This will be a priority for the Greens,’ he said. The opposition leader Tony Abbott steadfastly opposed any mining tax at all.

By mid 2012 it became clear to the Greens, after those reviews, that the tax needed changes to increase the intake. The Greens have been pressing for those changes ever since – over one year.

By April 2013, Professor Garnaut and John Quiggin agreed with the Greens that the mining tax had significant flaws during a Senate inquiry hearing into the tax.

They referred to the Gillard government’s generous depreciation provisions for Australia’s most established and profitable mines which allows these mining companies to pay very little tax. They also gave evidence that increasing the rate to 40 per cent and extending the tax to all minerals were logical improvements. The Greens have been pressing the government to fix these three flaws will raise an additional $26 billion over the forward estimates. This is the Greens policy is they are returned to having the balance of power in the Senate after these elections.

And what has Labor done about fixing the problems? They propose no changes to the mining tax. And the coalition? On 26 June 2013, according to Reuters, Tony Abbot said he will seriously consider fresh elections in both houses of parliament if the influential minority Australian Greens party blocks its plans to repeal the mining and carbon taxes.

Opposition resources spokesman Ian Macfarlane told a mining conference that day that the coming election would deliver a mandate on both issues. ‘That’s not to say that we will be gung-ho about it. But we won’t rule out the opportunity, under the Constitution, to go back to the people if we find that we are not being given the right to govern Australia.’

So, which party supports mining profits coming back to the Australian people? Certainly not the coalition – they are willing to hold another election if they cannot repeal the futile mining tax! Certainly not Labor, who are happy with the futile mining tax as it stands.

Don’t blame Bob Brown or Christine Milne for this – the blame lies fairly and squarely with the major parties who receive massive support and donations from the mining companies and unions. The Greens are the only party that supports mining profits coming back fairly and in full to the Australian people and not have the Australian PAYE and small business taxpayers bear the majority of our tax burden.


Previous articleNo Welching on this gig
Next articleMeat in a test tube

Support The Echo

Keeping the community together and the community voice loud and clear is what The Echo is about. More than ever we need your help to keep this voice alive and thriving in the community.

Like all businesses we are struggling to keep food on the table of all our local and hard working journalists, artists, sales, delivery and drudges who keep the news coming out to you both in the newspaper and online. If you can spare a few dollars a week – or maybe more – we would appreciate all the support you are able to give to keep the voice of independent, local journalism alive.


Please enter your comment!
Please enter your name here

Caravan park to pay $2.3mil plus to consumers

The NSW Court of Appeal has upheld the Supreme Court’s decision arising from the sale of the movable dwellings located on waterfront sites along the Tweed River.

Government modelling fails to reflect women’s interrupted careers

New research to be released this week analyses two decades of Household, Income and Labour Dynamics in Australia (HILDA) Survey to estimate the actual labour force experience of women over their life and accounts for working when super is not paid.

Ballina cleans up!

Clean Up Australia Day was a great success in Ballina, with the beach clean up event organised by Ballina Coastcare yesterday attracting twenty volunteers.

Lismore future councillor information sessions

With the delayed Local Government elections being held in September, several councils, including Lismore City Council, are holding information sessions for community members who are thinking about running for Council.