BHP apparently have said that they are paying 57% so that is less. If you are talking about BHP nad Rio then they both derive significant earnings from elsewhere so their tax will be less.
There is a problem and if you are saying that the miners have simply got their numbers wrong then you are only deluding yourself.
The Chinese Govt are so concerned that they have already met with the Aust Govt to complain that they made massive investment under a more favourable tax regime and that their returns will be diminished.
I am concerned that the Aust govt has told the chinese that there won't be commodity price appreciation. In the face of decreased output how are they going to ensure that?
MRE Price at posting:
74.0¢ Sentiment: Hold Disclosure: Held
