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 Another super-Tax Rudd wishes to impose as energy prices continue to soar

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mellie

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PostSubject: Another super-Tax Rudd wishes to impose as energy prices continue to soar   Thu 6 May 2010 - 14:00

By Amy Coopes (AFP) – 7 hours ago

Quote :
SYDNEY — Australian Prime Minister Kevin Rudd said Thursday he would not be deterred from imposing a controversial 40 percent tax on mining profits, accusing resource giants of "scare tactics".

The proposed levy on the so-called "super profits" of resource producers from July 2012 has sparked a massive backlash from the sector -- Australia's most valuable industry thanks in large part to Chinese demand.

The plan has prompted warnings of closures and project halts. On Thursday Rio Tinto confirmed its iron ore expansion plans -- halted during the global downturn -- remained on hold while it digested the ramifications of Rudd's tax push. BHP Billiton was reportedly reviewing some coal projects.

A Rio spokesman played down reports that projects had been directly suspended due to the tax announcement, but said expansion plans would stay on hold while the company sought clarity on the issue.

"No decision's been made yet. It's not like we've made a decision to put something on the shelf," the spokesman told AFP. The expansion plans "have been on hold for a year and a half. They are on hold, they remain on hold."

Cape Lambert Resources this week said it had halted all exploration in the resource-rich Pilbara region due to confusion over the new levy.

But Rudd vowed to press ahead, dismissing miners' furious protests.

Quote :
"Obviously there is going to be a scare campaign run by some.... We will not be deterred one bit. This is a decision in the long-term national interest," Rudd told reporters.

There will be some people "crying wolf in all of this", he predicted, and "some within the mining industry will dig deep within their very deep pockets and seek to run a political campaign."
Australia's booming resources sector is worth billions of dollars due to soaring demand from Asia, led by China, and was the key to the country avoiding a recession during the global downturn.

The centre-left leader, who is due to go to the polls this year, is likely to face an uphill battle to get the tax through parliament, with the conservative opposition expressing profound hostility.

Quote :
Opposition leader Tony Abbott said the coalition had resolved to block the levy, which he described as a "great big new tax on everything" that would jeopardise the country's reputation as a safe investment destination.

"This is not just a tax on foreign shareholders, it's a tax on the 500,000 Australians who work directly or indirectly in the resource sector," Abbott said.

"It's a tax on the consumers of the energy which these resource companies produce, which is basically all Australians," he added.
Embattled resources stocks resumed their nosedive after a brief respite Wednesday, with analysts saying Rudd's determination in the face of strong industry objection had spooked investors.

Tens of billions of dollars have been wiped off the value of commodities shares since Rudd's tax announcement Sunday, with BHP Billiton closing 2.94 percent lower at 37.60 -- an 8.38 percent slump since Friday.

Rio Tinto has dived 9.76 percent since the announcement, closing 3.79 percent lower Thursday at 65.69, while Fortescue Metals eased 2.32 percent to 4.21.

Fortescue chief Andrew Forrest accused Canberra of misleading the public about the proposal, which he labelled a "nationalisation of 40 percent of the mining industry".

Quote :
Origin Energy warned that uncertainty about the levy could stall Australia's progress into the liquefied natural gas sector -- viewed as a major future source of revenue for Australia -- and drive up energy prices. Fellow oil and gas producer Santos said the proposal was already affecting its fiscal stability.

"Anything we've got in the pipeline people are going to stop and reconsider," said Santos chief David Knox.

"The whole issue lacks clarity. We need clarity to make investment decisions and at the moment this is not clear. Until it is clear we're going to see investment paralysed."


http://www.google.com/hostednews/afp/article/ALeqM5gFyso45utF2RR3mkQvvezRsdmHrg
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Howard imposed the GST, now krudd wants his fair suck of the soy sauce bottle.

Not gonna happen!




Cool Not in his political lifetime anyway.
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PostSubject: Re: Another super-Tax Rudd wishes to impose as energy prices continue to soar   Thu 6 May 2010 - 14:18

See, Rudds not too worried about miners walking off the job, because for every Australian miner who protests, there are 7(work- visas) to 1 (Australian resident) writhing for their stab at permanent residency who are both willing and eager to work for a lesser rate of pay.
What ever it takes!!!



This is how Rudd does business, at least, that's what 'he' calls it.


See, they are working for ....
1: Permanent Australian Residency
2: What work they can get, between what work they can get now and being granted permanency, as anything beats going back to where they came from.

Existing Australians are competing with temp-visas /immigrants for ....

1:A fair rate of pay
2:Fair work conditions



Now about those work choices he argues Liberal will bring back in....and I ask you this, is our current labour workforce any better off without it?

Forcing unskilled Australians to compete with immigrants for a minimal wage and poor work entitlements is not how Kevin told us it would be when he rolled back work-choices.

Did any of us have a choice?


This is just how the fortune cookie crumbles I guess.

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PostSubject: Re: Another super-Tax Rudd wishes to impose as energy prices continue to soar   Thu 6 May 2010 - 14:40

Mining immigration good for regional Australian cities

Australia, 16th April: Australia is heading for the next mining boom and this is likely to result in a large number of immigrants into Australia from various corners of the world.
It was stated by Martin Ferguson, Federal Resources Minister that Australia is heading for the next mining boom and this is likely to result in a large number of immigrants into Australia from various corners of the world.

Giving details about this situation expected in several regional Australian cities, Mr. Ferguson stated that the government is in the process of bringing desired improvisations in the regional infrastructure like utilities, schools and roads etc. to help the cities adjust the sudden growth caused by the imminent mining boom in Australia.

To facilitate recruitment and immigration of desired skilled migrants in Australia, manufacturing, mining and processing industries are asking for several changes to the Australian immigration policies. Increased number of skilled migrants will be needed in Australia to fill the workforce needs as Australia heads for next mining boom.

Australia’s future is likely to be more focused on various regional cities of the country, hoped Mr. Ferguson. Increased growth of population will take place in some of the major regional Australian cities and for this; Australian government needs to extend government services to such cities.

He added that Australia needs to allure overseas skilled workers into its regional towns and cities including Queensland and Western Australia to reduce the overwhelming population growth in its capital cities while facilitating contributions towards Australian economy.

In one such step by the Australian government, it joined hands with the WA Chamber of Minerals and Energy and the WA Chamber of Commerce to formulate a program for facilitating entry of skilled migrants into WA (Western Australia).

Nicole Roocke, director of the WA Chamber of Minerals and Energy, said the alliance will help in filling skills gaps in the workforce of the WA. The partnership will provide an excellent opportunity for the government and the Australian industry to work together for finding the gaps in the workforce needs and meet them successfully.


http://www.canadaupdates.com/content/mining-immigration-good-regional-australian-cities
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PostSubject: Re: Another super-Tax Rudd wishes to impose as energy prices continue to soar   Thu 6 May 2010 - 14:59

Put simply, China wants to boom, and through a resource rich naive Australia and Chinaphile Rudd, it will do exactly just that when it begins calling the shots on our home front being in a position to negotiate the terms of industry afterall.

They already are, it's just Rudd wont publish how much he's sold off to China in the way of our government bonds and mineral resources.

Kevin Rudds mentor is sprawling mineral depleted China, in fact, everything he does is ran past their government (refer to his secret meetings) , including our internet censorship which stands to further cut us off from the west of democratic western civilisation, which may be likened to the great firewall of China, in it's 1st stage.

China bankrolled Rudds last campaign, why do you suppose they would do this if there wasn't anything in it for them?

WAKE UP AUSTRALIA!!!!

China are rapidly growing, some economists predict their economy is growing too fast and they have taken some enormous risks over the last few years, risks some might argue no state in their right mind would take unless they were absolutely certain their manoeuvres would come to fruition, and what better way of guaranteeing this than buying up part of Rudds scrotum, this and Australia's resources whilst securing her trade-partnership now and well into the future?
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PostSubject: Re: Another super-Tax Rudd wishes to impose as energy prices continue to soar   Thu 6 May 2010 - 15:06

Rupert Murdoch saw this coming, why do you think he's been so keen to break into their media, .... should he cooperate and spool pro-Labor "China" propaganda, this and conveniently omit what's really going on, then I'm sure, there will be a network or two in it for him over in China before he croaks.

Why do you suppose Murdoch press, newscorp are leaning more towards a Rudd victory?


Murdoch has been wanting to get his end wet with China for a very long time, now this is his chance.
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PostSubject: Re: Another super-Tax Rudd wishes to impose as energy prices continue to soar   Thu 6 May 2010 - 15:13

Quote :
On 21 April 2007, future Australian prime minister Kevin Rudd dined with Rupert Murdoch in New York, following a one-hour private meeting at Murdoch's News Corporation Building. The two men refused to say what they had discussed. Mr Murdoch would say only that they had discussed "a lot of things". Rudd would say only: "It was just a good chat about things. Life, the world, politics.




http://en.wikipedia.org/wiki/Rupert_Murdoch
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PostSubject: Re: Another super-Tax Rudd wishes to impose as energy prices continue to soar   Thu 6 May 2010 - 15:19

See, Rudd has a lot of silent partners and brokers, of which have a vested interest in his election victory.


Now, will you vote the way you are told to vote, or will you think things through again?

Secret meetings with Chinese officials and media czars, .... bribing our Jewish communities with wads of funding for their kids exclusive private Jewish schools..not once, but twice just months before both elections?




Let me get this straight, if the people of Australia are who he is supposed to be serving, then tell me, why is it that a Rudd answerers to noone, (except for China and Rupert) ... preferring to remove all those on his bench who dare question his peculiar political process upon having been sworn in as PM?

If you don't smell a rat, then there is something seriously wrong with your sense of smell.
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PostSubject: Re: Another super-Tax Rudd wishes to impose as energy prices continue to soar   Thu 6 May 2010 - 15:54

In 2008, Andrew Forrest met with Kevin Rudd to get some financial backing from the Federal Government, for his plan to employ 50,000 Aboriginals.

Andrew Forrest Is Australia's richest man.
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PostSubject: Re: Another super-Tax Rudd wishes to impose as energy prices continue to soar   Thu 6 May 2010 - 16:00

Where are these 50,000 Aboriginals now ...and how has Rudd's federal backing (cock-stroking) of Australia's richest man assisted with the employment of these said 50,000 aboriginals within the mining industry?


Has anyone thought to do some follow-up , like a Rudd-funding review, titled "Where are they now"....and if so, why the need to import more immigrants , when we have the backing of Australia's wealthiest man and our federal government 'willing' to skill-up our own existing Australians, or didn't they quite make the grade?


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PostSubject: Re: Another super-Tax Rudd wishes to impose as energy prices continue to soar   Thu 6 May 2010 - 16:09

More like he paid Andrew Forrest to shut his mouth, this and promised him boat loads of needy immigrants in the instance of severe worker shortages, ..... as the first thing Andrew would have asked is ..."Ok, who is going to work in my mines, we are flat out getting skilled/willing workers now".....


Funny how this 'good will gesture' has seemingly been swept aside.


Ok, so where's the "50,000 Aboriginal federal funding" got to then?

Squandred?

Or has that idea now been scrapped?
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PostSubject: Re: Another super-Tax Rudd wishes to impose as energy prices continue to soar   Thu 6 May 2010 - 16:46

Our Australian media are asleep at the wheel again.


Our laid-back demeanour is what's destroying our country, ignorance is not always bliss.

We have it etched in our minds that we truly are the lucky country, invincible even, when all this is about to change forever, should we not wake up in time.



Am I an alarmist?

Far from it, and I'm not the first Australian to have seen this coming.

Now we have always stroked our $powerful$ for political advantage, (All political parties have done this, Rudd being of no exception)...but what sets Rudd apart is that he has vested interests in, and an apparent infatuation with a 3rd party, one which stands to compromise, conflict with our freedom loving western way of life, China being very different to those we have formed stable and trusted alliances with (on this level) in the past. Our western grass roots.

China is uncharted territory, and you don't need to be an anthropologist to understand why we are attractive to an over-populated resource hungry and depleted China.


When speaking in terms of a new world order, we are fair game in an increasingly globalist market.

To Chinas way of thinking we are a naive race of laid-back natives, are but convicts and third world immigrants instilled with a false sense of global-economical security, by means of their having loaned us the money to stimulate our economy to have thwarted a global down-turn so as to benefit them in the long run.

GET REAL!!!

We are living on borrowed time and money.

The buck has to stop somewhere, and will, once China have put the carrot back in their trousers and realise they have pretty much bought us out.

At which point, they will begin calling the shots, as we move further away from our once democratic way of life.
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PostSubject: Re: Another super-Tax Rudd wishes to impose as energy prices continue to soar   Thu 6 May 2010 - 17:04

Denial isn't just a river in Egypt, it runs through the heart of every ignorant Australian.

The river can only run so deep before the well of prosperity all but dries up.


Good luck to us all.


Neutral Our grandchildren are going to need all they can get.
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