$35b could be lost under Gillard’s new mining tax

By Alexander Fleming · 8 July 2010 · Locked

Mining Tax Deal May Haunt Australia's Budget

A shocking report from Goldman Sachs warns of a massive financial blow to the Australian budget. Could Julia Gillard's compromise with the mining industry be the culprit?

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Summary

A report from Goldman Sachs suggests that Julia Gillard’s compromise with the mining industry could cost the budget more than $35 billion this decade.

Tags: goldman sachs, Julia Gillard, ken henry, Kevin Rudd, mining tax, resources super profit tax