CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Business Council Australia calls on to start mining tax all over again

06-21-2010 10:07 BJT

CANBERRA, June 21 (Xinhua) -- The Business Council of Australia on Monday called on the federal government to ditch its planned super profits tax on the mining industry and start all over again with a comprehensive public consultation.

The business council wants a new consultation process open to a full range of tax options on the resources sector.

"The breakdown in the process around the resource super profits tax (RSPT) has damaged Australia's international standing," council president Graham Bradley wrote in The Australian Financial Review on Monday.

He warned there were long-term consequences for investment and growth prospects unless industry concerns were addressed.

"The best alternative now for the government is to embark on a revamped process for the development and design of a more efficient and less damaging approach to taxing resource profits."

Finance Minister Lindsay Tanner said the government was not holding discussions with the industry "just for the sake of it".

"We want to achieve an outcome," Tanner told ABC Radio, adding it had to be the "right" outcome.

"Obviously it is desirable that outcome occur soon."

Relations between the government and the mining industry have soured as both sides accuse each other of using bullying tactics in the row over the RSPT.

Editor:Xiong Qu |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program