Australian resources tax bad for companies: Moody's

The country’s proposed tax on mining profits will hurt undiversified firms most but may help start ups, says the international rating agency.

  • 10 May 2010

Australia’s proposed tax on natural resources companies would be negative for most commodities firms based in the country and looks set to raise uncertainties for them in the short- and medium-term, says Moody’s.

On May 2 Canberra proposed introducing a 40% tax on mining profits, dubbed the Resources Super ...

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