The Davis Committee on Tax, which was tasked in the 2013 Budget with supporting inclusive growth, employment and development, may not be taking these terms of reference too seriously, judging from the one-size-fits-all recommendations that take a wrecking ball to mining. Felled by the recommendations are the 100% upfront capital expenditure deductions and the gold tax formula for new mines and indexation allowance. But then again, if miners face too much more of prevailing low pricing, not even tax tunnels will sustain profit, which means zero tax anyway.