At­tempts to stop min­ing tax a sign of min­ers’ greed

Pilbara News - - Opinion -

I see the greedy min­ers are bent on de­stroy­ing Bren­don Grylls’ idea of in­creas­ing the miserly 25¢ tax, set in 1964, to $5.

This is what they did to Kevin Rudd when he tried to in­tro­duce a min­ing tax to give Aus­tralia some real re­turn for their re­sources

In 1964, when the 25¢ was in­tro­duced, the first big con­tract of 65.5 mil­lion tonnes was signed with a Ja­panese com­pany for £270 mil­lion — that is $540 mil­lion or 8.25 per tonne.

The av­er­age chief ex­ec­u­tive’s salary has in­creased by 19 times be­tween 1965 and 2014.

How would Rio Tinto’s iron ore chief Chris Sal­is­bury re­act if the iron ore price was still $8.25 per tonne, and his salary was onenine­teenth what he is paid now? Len Paggi, Carnar­von

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