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- 6 September 2008
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She wasnt too bad but Rudd is a useless waste of space, it really stands out now.
How was Leigh Sales with Kevin Rudd tonight ?
Was she a teddybear ?
I don't think so. She correctly drew attention to the very obvious fact that he is consciously 'putting himself out there' at every opportunity, and did this quite forcefully, without quite being rude.How was Leigh Sales with Kevin Rudd tonight ?
Was she a teddybear ?
To be fair, I think FMG would have been in this trouble with or without the MRRT. I think they've been poorly managed, using Wayne Swan or the labour government as an excuse (or even a little reason for this!) is stretching it IMO. Massive amounts of debt as producer with low margins. Not the government's fault, I'm afraid!
Can you tell me what their margins would be at $90 per tonne:Well that is debatable, they were underwritten on the understanding pre MRRT, with the knowledge material prices fluctuate.
Post MRRT, any excessive rise in material prices, doesn't translate into debt servicing.
Can you tell me what their margins would be at $90 per tonne:
a) with the MRRT
b) without it
???
They borrowed $1.6 billion in October 2011. Are you saying they forgot about the MRRT and borrowed any way?
Another $1.5 billion in December 2010 and $2.7 billion in October 2010. I could keep going if you like. I am sure the MRRT was known then too. Perhaps not in its final form as such, but why go borrow if you think it is going to eat into your margins so much?
Are you sure FMG wasn't just greedy? Borrowing massive amounts of money with no contingency plan, because you know the party in China will still be going years from now?
Do they even pay the MRRT on any of their expansion projects? I was sure that they were quoted to have said that the tax was ridiculous because a lot of their projects would be exempt in the first few years.
I haven't looked into FMG specifically, but trouble over debt covenants is usually of a company's own making.
That leads to the next problem, when China ownes all the mines and is the customer.
How do you tax them on profits, if they keep the price they pay for their commodity down? Maybe that is where royalties on tonnage was smarter.
No, nothing could be smarter than than the current government.LOL Bring on the election.
Won't happen, but negative gearing against unrelated passive income should be removed as part of broader tax reform.Agreed, however if for example the government ups the company tax rate from 30% to 35% would that cause an issue.
How about the government removes negative gearing and only allows investors to offset loses against capital gains.
Won't happen, but negative gearing against unrelated passive income should be removed as part of broader tax reform.
With business, the government is more likely to go after deductions and concessions than a direct hit on the headline corporate tax rate.
Abbott is going to be caught out with a lack of revenue so other than superannuation where will the money come from?
Do you consider that our economic circumstanses are such that there will be no choice in relation to increasing the corporate tax rate ?Abbott is going to be caught out with a lack of revenue so other than superannuation where will the money come from?
If so, I would call that irresponsible, undemocratic and she is not fit to be PM.
I have to agree with you IFocus, sad isn't it. 2007 - 2013 massive mining boom and what do we have to show for it?Abbott is going to be caught out with a lack of revenue so other than superannuation where will the money come from?
Julia Gillard is leading Tony Abbott as preferred prime minister by the biggest margin in more than a year, according to a Newspoll released today.
The poll, published in The Australian newspaper today, shows Ms Gillard is 14 points ahead of Mr Abbott as preferred PM.
In the last fortnight her support rose from 39 per cent to 46 per cent, while Mr Abbott's fell from 38 per cent to 32 per cent.
Labor's primary vote rose three points to 36 per cent while the Coalition shed five points to 41 per cent.
But the parties are neck and neck on 50 per cent each in the two-party preferred standings.
The Greens have also recovered from a bad result earlier this month, with their primary vote increasing from a three-and-a-half year low of 8 per cent to 12 per cent.
The poll has a margin of error of 3 per cent.
The poll's release comes one day after Ms Gillard used the ALP's Queensland conference to mark her re-entry into the political fray following the death of her father.
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