A stock analyst remarked today that Westfarmers' decision to raise their concerns to its shareholders about the resources super profits tax is a “political move.”

The mining and retail firms said that any danger to earnings on their coal mine projects is a threat to the dividend it can pay.

Stock analyst Peter Strachan said that Westfarmers is now cautious in informing its shareholders of posssible lower dividends once rent tax is implemented.

He said these sectors are pulling their shareholders to oppose the tax.

"Certainly they're trying to mobilise their 250,000/300,000 shareholders or whatever it is, it would be a large number of shareholders, trying to mobilise those shareholders to make sure that the tax, when it comes in is a fair and reasonable tax.

"If they're self-funded retirees and all of a sudden their income is going to fall as a result of this tax then they might be more inclined to talk to their local member about it and say, hey, we don't think it's a good idea."

Meanwhile, Treasurer Wayne Swan will continue to hold more meetings with mining leaders this week but will stick to the planned 40 per cent tax rate on profits above a six per cent threshold.

However, Lime Street Capital, a funds manager, predicts that the proposed tax reform may be revised soon due to the nearing election.

Stephen Bartrop, Lime Street Capital's manager, said the government may be forced to make compromise with the miners to gain more trust in the industry.