Title

Lobbying intensifies over minerals tax

Database

Electronic Media Monitoring Service 

Date

05-05-2010 08:06 AM

Source

ABC Canberra 666

Parl No.

 

Channel Name

ABC Canberra 666

Start

05-05-2010 08:06 AM

Abstract

 
End

05-05-2010 08:41 AM

Cover date

2010-05-05 08:06:24

Citation Id

324251

Enrichment

 
Reporter

EASTLEY, Tony

Speaker

LANE, Sabra

RUDD, Kevin, (Former Prime Minister)

TANNER, Lindsay

MACFARLANE, Ian E., MP

URL

Open Item 

Parent Program URL
Text online

No

Media Deleted

False

System Id

emms/emms/324251

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Lobbying intensifies over minerals tax -

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Lobbying intensifies over minerals tax

Sabra Lane reported this story on Wednesday, May 5, 2010 08:06:00

TONY EASTLEY: The Prime Minister has flown to Western Australia to consult with mining companies
over the Federal Government's planned 40 per cent super profits tax.

But he might find some of the mining bosses aren't at home.

Today in Canberra the Opposition leadership team is talking to a group of mining executives about
the Government's planned tax hike.

Sabra Lane reports.

SABRA LANE: The Prime Minister's packed his bags and gone west, but it's not a case of high noon -
yet.

KEVIN RUDD: I'm over here to actually talk to local miners and to hear their views.

SABRA LANE: Mr Rudd's repeated his pitch on the need for a 40 per cent super profits tax on mining
companies. He says it's essential to cut company tax, set up a state infrastructure fund and;

KEVIN RUDD: To make sure that workers right across WA and right across the country get a fair share
when it comes to their superannuation.

SABRA LANE: But the Opposition's Ian Macfarlane says that's rubbish.

The Opposition's spokesman on resources and energy delivered a fiery speech to a mining conference
in Adelaide late yesterday.

IAN MACFARLANE: We know that the Labor Party has a philosophical objection to the mining industry,
we know they think it's an industry that rapes and pillages, that digs up all our assets and sends
them overseas.

SABRA LANE: Mr Macfarlane - a former resources minister for six years - also accused the Prime
Minister of whipping up a frenzy against foreign companies.

IAN MACFARLANE: We saw our Prime Minister who set out to demonise foreign ownership. To demonise
foreign investment in Australia and I have never been so ashamed in my life. This country has been
built on foreign investment.

SABRA LANE: Mr Macfarlane, the Opposition Leader Tony Abbott, and Coalition's finance team of Joe
Hockey and Andrew Robb will meet with senior mining executives in Canberra today to discuss the tax
and what the Opposition can do.

But don't always believe what you hear, is the advice from the Finance Minister Lindsay Tanner. He
was asked on Lateline about the decision by Cape Lambert Resources to pull out of exploration in
Australia, a decision it says was brought on by the Government's tax plan.

LINDSAY TANNER: I would also caution against companies that make announcements blaming particular
things; often things that third parties do, like governments, as a reason why they've made
announcements of that kind because sometimes it isn't actually true.

SABRA LANE: And in attacking the Opposition, Mr Tanner revealed the nation will be surplus soon.
The last official Government forecast predicted deficits until the 2015/16 financial year.

LINDSAY TANNER: Forget about the rhetoric and the nonsense you get from Tony Abbott and Joe Hockey,
they're just giant bags of wind. They have got no serious policies. Our budget is going to get back
into surplus soon.

SABRA LANE: Just how soon, we'll know next Tuesday or earlier, if Government minders believe a
strategic leak will give them the news cycle. One thing Mr Tanner is concrete on is the caucus
support for Kevin Rudd as leader.

LINDSAY TANNER: Strong support and I don' think there is any question about that for the future.

TONY EASTLEY: The Finance Minister Lindsay Tanner ending that report by Sabra Lane.