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Good Afternoon Reader,
We have posted some quick thoughts on the Government's revised Mineral Resource Rent Tax (MRRT).
We hope you continue to enjoy our thoughts on wealth and investing.
Warm regards,
Mark La Bozzetta - Eden Wealth Management
So how do you forecast billions of dollars in extra tax revenue from the mining industry and keep those miners smiling?:
Well just watch Julia pull a rabbit out of her hat …
- You cut the tax rate from the proposed 40% to an effective 22.5%*;
- You more than double the threshold at which the tax kicks-in;
- You limit the tax to iron ore and coal*;
and …. wait for the magic …
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