2013, English edition: Development and operation of the minerals resource rent tax / The Senate Economics References Committee. Australia. Parliament. Senate. Economics References Committee (issuing body)

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Development and operation of the minerals resource rent tax / The Senate Economics References Committee
 
Bookmark: http://trove.nla.gov.au/version/197858873
Physical Description
  • 1 online resource (iii, 150 pages)
Published
  • Canberra, ACT Senate Economics References Committee, May 2013.
Language
  • English

Edition details

Title
  • Development and operation of the minerals resource rent tax /​ The Senate Economics References Committee.
Creator
  • Australia. Parliament. Senate. Economics References Committee (issuing body)
Other Creators
  • Bushby, David.
Published
  • Canberra, ACT Senate Economics References Committee, May 2013.
Copyright
  • ©2013
Content Types
  • text
Carrier Types
  • online resource
Physical Description
  • 1 online resource (iii, 150 pages)
Subjects
Summary
  • "On 5 February 2013, the Senate passed a motion ordering the Commissioner of Taxation to provide this committee, by no later than 15 February 2013, with details of the revenue collected from the MRRT by the ATO since 1 July 2012. ... This motion came about as a result of the Treasurer's persistent refusal to reveal how much or how little the MRRT had raised in revenue. ... Based on revenue raised to date, it is likely that the MRRT will come in more than 90 per cent below the Treasurer's $4 billion net revenue forecast for 2012-13 in his July 2010 pre-election Economic Update. The MRRT revenue so far has even come in more than 90 per cent below the already halved $2.0 billion MRRT revenue estimate in the Mid-Year Economic Fiscal Outlook (MYEFO) 2012-13, which was released on 22 October 2012. The purpose of this inquiry was to consider how the Commonwealth ended up in such a fiscal mess courtesy of the government's manifestly failed MRRT. In particular, the committee sought to assess how the development and the design of the MRRT has contributed to the massive shortfall in revenue relative to government projections, when the government had already spent all the money they thought the MRRT would raise and more."--Background and overview of the inquiry.
Notes
  • Title from pdf.
  • "Senator David Bushby, Chair" -- Page iii.
  • Includes bibliographical references.
Technical Details
  • System requirements: Adobe Acrobat reader.
Language
  • English
ISBN
  • 9781742298108
Libraries Australia ID
Contributed by
Libraries Australia

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