"Thousands of jobs are threatened by a dangerous ideology concealed in fraudulent terminology.” – DLP Senate Team Leader Tony Zegenhagen
Queensland’s DLP Senate team leader Tony Zegenhagen has announced that the DLP rejects the term /exploitation/ used by the government in its reasoning to lumber a Super tax on the mining industry.
“In terminology we’ve become accustomed to hearing from the anti-business, anti-development Greens, the Government’s fact sheet opens with this statement: A Resource Super Profits Tax (RSPT) will be introduced on 1 July 2012 at a rate of 40 per cent on profits made from the exploitation of Australia’s non renewable resources.”
“After ditching the moral dilemma of our time, climate change and the ‘CPRS’ the government, has again targeted our most profitable industry with this new exploitation tax - the ‘RSPT’.”
“Now thousands of jobs are threatened by a dangerous ideology concealed in fraudulent terminology.”
Mr Zegenhagen said: “The 9 billion dollars will eventually lead to a 3 billion dollar tax savings package for small business with a company tax rate reduction to 28%, before having that whisked away by the superannuation guarantee being lifted to 12% over the next decade. The government reports that this new super profits tax will magically lift our GDP by 0.7%.”
“Driving away investment and killing off mining industry jobs is not going to lift the GDP” said Mr Zegenhagen. "Mining companies are obliged to take a long view and the threat of a 40% tax in 2012 will have an immediate effect in undermining investment in Australia."
"Meanwhile the federal government stands by and allows the Queensland government to sell off our mines’ greatest asset protection, QRail."
“Years of neglect and mismanagement by both sides of the political sphere have seen our manufacturing and agricultural industries face impossible restraints placed on them by successive governments”.
“Let’s not allow our mining industry to suffer the same fate.”
