Originally posted by Jeebo72
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Austrailian Mining Tax
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Austrailian Mining Tax"
Collapse
-
Originally posted by AtW View PostAnd what's wrong with my statement "same work they do but get a lot more dosh for"?
The price of commodities gone up so they get more revenues, but they are mining same stuff it's just right now market price is much higher than it was just 18 months ago: that's not because they suddenly found new materials, it is the same tulip only priced much higher.
Consequently a windfall tax is very logical here.
Leave a comment:
-
Originally posted by Jeebo72 View PostWrong.
The price of commodities gone up so they get more revenues, but they are mining same stuff it's just right now market price is much higher than it was just 18 months ago: that's not because they suddenly found new materials, it is the same tulip only priced much higher.
Consequently a windfall tax is very logical here.
Leave a comment:
-
Originally posted by AtW View PostThey collapsed because commodity markets got overheated and gone down (oil from $150 to $30 where it belongs), then Govts started printing money and giving out loans at 0% interest rate so speculators put all that back into commodity markets, consequently oil is not back to $80, other commodities also up considerably, which in turn why mining stocks gone up and so are the taxes on same work they do but get a lot more dosh for.
Is that clear to you now?
Leave a comment:
-
Originally posted by Jeebo72 View PostExplain then complete collapse of mining stocks in 2008?
Is that clear to you now?
Leave a comment:
-
Originally posted by AtW View PostWrong.
Commodities markets were buyoant (and by extension mining companies) because of speculative activity related to putting 0% interest rate loans from centrals banks into those markets.
Australian Govt wants a slice of those extra revenues - you can hardly blame them since the stuff is mined from Australian ground in the first place.
Leave a comment:
-
Originally posted by Jeebo72 View Postmainly due to the mining companies
Commodities markets were buyoant (and by extension mining companies) because of speculative activity related to putting 0% interest rate loans from centrals banks into those markets.
Australian Govt wants a slice of those extra revenues - you can hardly blame them since the stuff is mined from Australian ground in the first place.
Leave a comment:
-
Seems a bit crazy to me, the Perth market has been buoyant all through the credit crunch (as has much of aus) and mainly due to the mining companies... and yet they want to f**** it all up. Seems a bit socialist to me, with the usual socialist repercussions that we’re experiencing in the UK,.
Leave a comment:
-
Originally posted by BlasterBates View PostSo is this new mining tax in Oz "going to fly" ???
Is this a triumph for the workers?
Leave a comment:
-
Austrailian Mining Tax
So is this new mining tax in Oz "going to fly" ???
Is this a triumph for the workers?Tags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: