This is what I don’t get about the RSPT and the accompanying 2% cut in the company tax rate proposed by the ALP: why aren’t the lobby groups for other businesses in Australia out there countering the mining companies’ shamelessly dishonest fear campaign? Apart from the mining companies, who might have to pay more tax – although only if the profits remain high; under the proposal they’ll pay less if they’re not, which will also help smaller mining operations to expand – all the rest of Australian business will be getting a tax cut, something they’re always demanding.
And yet they’re not out there championing it. Why not? Are they really that hostile to Labor that they’d rather see them defeated by the Liberals than take advantage of a significant tax cut they’ve always wanted?
How do these corrupt multinational mining companies convince all these people – workers and companies – to act against their own self-interest?