Feds score mining executives for exaggerated claims on RSPT
The federal government said on Tuesday that mining executives has exaggerated claims of financial crisis once the proposed super profits tax is implemented, with Communications Minister Stephen Conroy blaming the executives for taking down Australia in the eyes of the international community.
Senator Conroy said that the mining companies were merely protecting their short term financial and political well-being as he stressed that such acts were "quite disgraceful and people should have a good look at themselves and this is not something that's actually helping Australia."
Meanwhile, Prime Minister Kevin Rudd is scheduled to meet with mining industry leaders in Perth to discuss the 40 percent tax on super profits as he remained adamant that the new tax is appropriate but its implementation details and generous transition arrangements must be worked out by all concerned parties.
He said that the anti-mining tax campaign was ferocious and he is expecting more claims of exaggerations and threats due to the fact that "some of the very biggest mining companies don't want to pay more tax."
Earlier, mining magnate Clive Palmer has admitted that he used incorrect figures when he estimated the potential impact of the new tax while mining company Xstrata earned the ire of many critics for messing the difference between real and prospective job losses.
Mr Rudd said that he has remained focus in keeping the country's economy strong and stable, as he dodged questions on his party's apparent dismal standing in the polls, stating that "the business of leadership for our country is very, very difficult and always has been."
Parliamentary secretary Gary Gray has echoed government ministers' support on Mr Rudd and predicted that his government would hurdle through the tax debate in the same way that he helped Australia survive the economic crisis.
Mr Gray told ABC that the prime minister has led a government that implemented the policy response to the worst economic problem that the country has encountered and "dealing with the tax and our current political woes will come quite naturally to both the prime minister and his cabinet."