Mining taxes to get royal treatment
TREASURER Tom Koutsantonis has hinted mining royalties may be the next taxes to get a cut following a State Budget that axed charges on business stamp duty.
Mr Koutsantonis yesterday fronted a Press Club lunch, following his second Budget, which revealed a plan to end stamp duty on all business transactions in three years.
It followed a Budget and Finance Committee meeting earlier yesterday, in which Under Treasurer Brett Rowse refused to say if the Government was considering a bid to sell SA Water assets.
Mr Koutsantonis said SA Water was an essential asset, and would not be privatised.
Although, Mr Koutsantonis said the Government was open to unsolicited bids. “When people make (unsolicited) bids, it’s their idea, not ours,” he said. “We’re not selling SA Water, we don’t plan to sell SA Water. We rule it out.”
Mr Koutsantonis said major bids made to the Co-ordinatorGeneral would be assessed by Cabinet.