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Post by RKC on May 10, 2010 15:50:34 GMT 12
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Post by Deleted on May 11, 2010 8:11:46 GMT 12
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Post by powderburns on May 13, 2010 5:28:27 GMT 12
The opportunity for New Zealand to benefit with such investments is ripe. The Australian government’s announcement that it will tax mining profits with a one-off 40% money grab is yet to play itself out. It is in the style of Mugabe’s land grabs. It’s as good as a heist by a tin pot dictator. Capital will flee the country. In the last week mining companies have announced they are shelving plans to invest over $100 billion into Australia in the short term. They (the govt) are attempting to destroy the engine that saved Australia from recession. That money is looking around, eye-of-sauron like, for a berth. New Zealand should jump on for the ride. Hold your gold. www.news.com.au/business/breaking-news/rio-tinto-chief-shocked-at-resources-tax/story-e6frfkur-1225865620249 |
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