New costing shows billions lost from mining super profits tax reversal
If the Resource Super Profits Tax had not been watered down and then repealed, it would have raised $34.6 billion dollars, enough to give free dental care to every Australian by including dental in Medicare.
A new costing by the Parliamentary Budget Office, provided to the Greens, shows that the decision to give in to the big mining corporations and billionaires by axing the original “mining tax” has cost the Australian budget $34.6 billion, and bringing a super profits tax back would raise $12.7 billion in the first year.