Anger at Australia mining tax

Industry in uproar as government proposes tax on “super-profits”.

The Australian government has proposed a “super-profits” tax for giant mining corporations in its annual budget released on Tuesday.

The country escaped the global economic slump almost completely unscathed, thanks largely to its massive mining industry.

A proposal to impose a 40 per cent tax on “super-profits” made by mining companies has now prompted an uproar among industry players.

Al Jazeera’s Harry Fawcett reports, from Kalgoorlie in Western Australia.

Source: Al Jazeera

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