Secrets and lies – the mining tax explained

A triumphant Julia Gillard announced the passage of the Mineral Resources Rent Tax through the Lower House today, after a late night deal done with The Greens. But how much do we understand what the tax actually means ?
There’s now a lot of argument between the states and the federal government about the difference between the royalties tax – which states currently collect – and the new resources rent tax, which the federal government will collect.
Catherine Zengerer asks Crikey Canberra Correspondent Bernard Keane to explain the difference.
[audio https://czengerer.files.wordpress.com/2011/11/wwbernard-keane.mp3]
This interview first appeared on The Wire

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