Rudd undermined, but the Resources Tax idea spreads
Pressure from mining corporations like BHP Billiton and Rio Tinto, combined with the political ambitions of right-wingers, Bill Shorten and Paul Howe must have played a part in the undermining of Prime Minister Kevin Rudd.
Kevin Rudd might not be a cuddly, warm and fuzzy person, but Rudd had the interests of Australians and their children and grandchildren at heart, in promoting the Super Profit Resources Tax.
BHP Billiton, Rio Tinto etc had at heart the interests of corporate profit, in Australia, but also in other countries. They worried that other government’s might put their people’s future ahead of those corporate profits.
Well – the undermining of Rudd might have come too late – the idea lives and spreads- as for example in Germany – “The German Ministry of Finance, for example, has envisaged an additional €2.3 billion annual “windfall tax” on nuclear operators as part of the 2011 Federal Budget and its financial plan up to 2014.” – Wall street Journal
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