The Australian Greens said over the weekend that the federal government's policy reversal on the resource super profits tax would result to higher taxes for Australians and could eventually lead to the scrapping of several national services.

Greens head Bob Brown said that the country's taxpayers are poised to shoulder some additional $4 billion a year as a direct effect of the mining tax's shelving as the compromise deal could translate to $1.5 billion less in revenues to be collected.

The government decided to junk the controversial 40 percent tax on mining companies in favour of the 30 percent levy to be directed on lesser number of industry players, which it projected could still amass a total of $10.5 billon by the revised tax's first two years of implementation which should commence by July 1 2012.

Senator Brown told AAP that he would call for a Senate inquiry to scrutinise the details of the agreement made by the government with giant mining companies as he decried that the whole compromise should have been influenced by concerns on the environment, climate change and the country's local communities.

He scored Prime Minister Julia Gillard for backing down on the mining tax with questionable considerations, charging that the deal with big corporations was of more of ensuring that their profitability would be assured while "four billion a year every year will be taken out of the public purse by Ms Gillard's backdown."

Senator Brown said that the deal was just the tip of the iceberg as he stressed that the while giant companies would definitely gain from the compromise, it would appear that the Australian public would turn out as the big loser from the deal.

He added that small businesses would eventually bear the brunt of the deal's backlash as under the new deal, the proposed company tax cut of 28 percent would be revised to 29 percent, effectively taking away the promised 2 percent slash on corporate tax.

Senator Brown said that the government should have considered that the country's small corporations employ at least five million Australian as against the mining industries' employment opportunities, which is only about 10 percent of the total workers employed by small businesses.

He said that "the flow on will be a loss of thousands of potential jobs and all we're hearing about is jobs in the mining industry, not those in small businesses."