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TAX NEWS - JUNE 2010

Australia Tax: Prime Minister confident after miner delays projects

04 June 2021 -- Kevin Rudd remains confident his government's proposed super-profits tax on mining companies is the right policy despite a mining giant shelving expansion of two Queensland projects.

The Anglo-Swiss Xstrata indicated on Thursday it would suspend expansion worth about $586 million because of uncertainty created by the tax.

"The government is confident of its argument (for the tax)," the prime minister told the Seven Network on Friday.
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