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25th May 2012
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New mining tax proposal makes M&A more viable – Deloitte
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Address to refer:
http://www.miningweekly.com/article/new-mining-tax-proposal-makes-ma-more-viable-deloitte-2010-07-06
Article Headline:
New mining tax proposal makes M&A more viable – Deloitte
Abstract:
Australia’s new mining tax proposal of a 30% resource rent tax for iron-ore and coal, rather than a 40% super profits tax (SPT) on all resources, would attract investors to expansion and merger and acquisition (M&A) opportunities, advisory firm Deloitte said on Tuesday. Mining lead tax partner Gordon Thring said that while there was still a lot of detail to be worked out, the new proposal would likely remove the uncertainty for investment decisions and exploration.
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