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longchamp uk sale 2012

Published: Sunday 21 July, 2013

longchamp uk sale 2012 longchamp uk sale 2012 ´╗┐Fortescue to pay little MRRT

Fortescue Metals Group founder Andrew Forrest expects his company will pay little or no minerals resource rent tax when it comes into effect from July 1.

Addressing the National Press Club in Canberra on Wednesday, Mr Forrest said the federal government MRRT was not a mining tax but a penalty on junior mining firms and longchamp uk sale 2012 mineral explorers.

We are a largish company but we are nothing like the scale of the guys in that secret room that cut that deal to axe the initial resource profits rent tax and bring in the MRRT.

I would say we will pay between zero and $50 million of MRRT some time in the next five years I am not sure when it is and it will depend on iron ore prices.

The nonexecutive chairman of the iron ore producer said the tax would not raise the estimated $10 billion suggested by the Government.

That is an illusion. It was a politica longchamp uk sale 2012 l charade which has been sold to the Australian worker as a mining tax, Mr Forrest said.

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