Super tax. Not so "super" after all!

Something of interest. Refer to the website below.

http://keepminingstrong.com.au/default.aspx

The Australian Govt in the last budget (about a month or so back) proposed a new "Super profit tax" system for the mines in Australia. The name for the additional tax can be misleading. Effectively, it means that any mine making a profit of more than 6% will be subjected to a heavier tax rate(higher than other industries). This has been proposed to be implemented from 2012 onwards. The obvious implications of this tax will be the lack of future investments in the mining industry in Australia and some of the giants like bhpbilliton and Rio Tinto pulling out of the Aussie market and going elsewhere. A very successful industry that can potentially be squashed by the govt's new proposal.

To oppose this move, the opposition party and the public have got together and have designed the website mentioned above. I just wanted to share this with you all to show you what true democracy means. The main difference between Australia and India in the way the affairs are handled is that the common man here is well aware of his/her rights and they fight for it in the right manner. Once people from different spheres of life pass their comments on the web site's "comments" section, that will then be forwarded to the house of representatives.

The public opinion will be given the appropriate importance and who knows they may even overturn this proposal i.e. a true reflection of democracy "Of the people, by the people and for the people"!