Posts related to Resource Super Profit Tax
05 May 2010 - Final verdict – RSPT a deeply flawed tax
After a couple of days ruminating on the new Resource Super Profits Tax (here and here), I’ve come to the conclusion that it is a deeply flawed structure. It is simply too complex in the implementation. Does the world really need another legion of tax accountants? The strange thing is that the same economic result [...]
04 May 2010 - A worked example of the Resource Super Profits Tax
Of this much I am certain, Australia’s new Resource Super Profits Tax – the ‘RSPT’ (where are MacBank’s master acronym makers when you need them) – is going to be a bureaucratic nightmare to administer. Still with the sums involved, I guess we can forgive the government for doubling the size of the ATO. After [...]
03 May 2010 - Australia’s new Resource Super Profit Tax ?
The Australian government has announced the Resource Super Profit Tax – it promises taxpayers equity participation in mining projects. But with our capital at risk, and being managed by the Australian Tax Office, this ‘world class’ reform is at risk of falling short in the implementation.