Thursday, May 20, 2010

Two views of the Resource Super Profits Tax

Here's Ken Henry, Tuesday:

"I know that some of you would have found some of the commentary surrounding the Government’s proposal a little confusing. And its theoretical basis would not be familiar to all of you. In passing I should note, however, that some financial market economists obviously do ‘get it’ – Michael Blythe and his team from CBA in particular. If you haven’t had a look at their very clear presentation of the issues, then I would encourage you to do so."

Here it is:

Michael Blythe - Explaining the Resource Super Profits Tax:

And here's another view, less disinterested, view:

Fortescue Statement:

Related Posts

. Henry to miners: no compromise on where the tax kicks in

. This Resource Super Profits Tax... how will it work?

. So this idea of a super tax on mining profits... who raised it with the Henry Review?

. We'll still be mining