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The Australian government's plan to impose a 30% tax on big mining companies has cleared a major hurdle, passing through parliament's lower house.
It will go to the upper senate early next year, but is expected to pass.
The government said the tax was a way to distribute wealth more evenly from Australia's resources boom.
It will go into effect in July 2012, and will apply to mining giants such as Rio Tinto and BHP Billiton.
The Minerals Resource Rent Tax Bill will tax coal and iron profits.
When the tax becomes law, mining companies will have to pay about $
Yeah I know I used the term 'our' land, which its not. But we are the people who control it, so it’s up to us to protect it.
Originally posted by Pirateofpsychonautics
Yep, agree 100% mate.
Not to mention that a lot of it happens on land sacred to peoples who are stewards of the earth. The rape of everything sacred to them for the wealth illusion