Ken O'Dowd (Flynn, National Party) Share this | Hansard source

I rise to talk about the adverse effects of the mining tax on the Australian economy and the budget. On royalties, for a start the Queensland government brought royalties in—they were quite within their rights to bring royalties in—and they moved them from 10 per cent to 12.5 per cent. This put the coal mining companies in a situation where they knew exactly where they stood. They did not have to employ a team of accountants to calculate how much tax they would have to pay or not pay under the MRRT.

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