telsor
Hall of Famer
@Power_Raid How about we scrap the mining tax and partially nationalise the sector say a 10% stake in all mining companies Australian operations placed in the hands of a Sovereign Wealth Fund that puts most of the profits into building needed infrastructure with the rest reinvested in blue chip Australian stocks to a maximum investment of 10% in any one company.
I'd object to it being done retrospectively, but if all future projects were approved with a clause like this I wouldn't have a huge issue. (might cause some issues with international treaties though).
That said, I wouldn't mind if a similar thing was done to all multinationals setting up here as a means of dealing with the (lack of) taxes paid by companies like Apple and Google. (although in that case, I'm pretty sure treaties would be broken by doing so).