Rudd calls for super profits tax on big iron ore miners
Rudd calls for super profits tax on big iron ore miners Save Share Iron ore miners are ripping off taxpayers amid buoyant commodity prices and should face the type of levy they successfully scuttled a decade ago, according to former prime minister Kevin Rudd. Renewed calls for a super-profit tax of the type that triggered Mr Ruddâs political downfall in 2010 came as prices for iron ore surged again to within striking distance of a record. A breach of the $US193 a tonne record set on February 16, 2011, was âabsolutely possibleâ in the near future, according to NABâs head of...