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Re: DewDiligence post# 835

Thursday, 05/06/2010 8:17:57 AM

Thursday, May 06, 2010 8:17:57 AM

Post# of 30493
Australian Resource tax. Feelings are running high on this subject. This is a fed grab for the states income. Currently resource royalties are paid to state govts.

Western Australia's iron ore producers have come out in force as fears of a possible federal resource rent tax spark talk of the state seceding from Australia.
http://www.abc.net.au/news/stories/2010/04/30/2887478.htm?section=justin

Back in the 70s there was an ongoing W.A. secession movement funded by Iron Ore mining magnate Lang Hancock. Lang died and the movement with him. Maybe he was before his time.

In the last federal election, Labor(Rudd)won in every state except WA.



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