"The anti-mining tax will take more value out of superannuation than the government’s promises will ever put back in.”– DLP Senate Team Leader Tony Zegenhagen
Queensland’s DLP Senate team leader Tony Zegenhagen has accused the Rudd Government of robbing all superannuation schemes and superannuants through the announcement of its anti-mining tax, otherwise known at the Super Profits Tax or the Resources Rent Tax.
“The market capitalisation of mining companies has already taken a hammering because of the irresponsible Rudd plan to impose a hostile tax on the mining industry,” said Tony Zegenhagen, who is an investment adviser trained in accounting.
“Unless the Government abandons this dangerous plan, the falls in market value are likely to continue, through investors gaining a clearer picture of the inevitable reduction in Australia’s competitiveness as a minerals exporter.”
“I remind the Prime Minister that share portfolios are a significant component - typically 75% - of the assets of superannuation schemes.“ said Mr Zegenhagen.
"The Rudd anti-mining tax will take more value out of superannuation than the government’s promises will ever put back in.”
“Prime Minister Rudd has morphed into the greatest threat to Australian jobs, and the greatest threat to Australian prosperity. The ALP backbench will shortly realise that Prime Minister Rudd is also the greatest threat to their Parliamentary careers.”
“If the Prime Minister resigns tomorrow, that will be a day too late.”
