Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers

Bowen Says Consultation With Australian Mining Lobby ‘Genuine’

The Australian government is genuine in its discussions with the nation’s mining industry over the proposed tax on resources companies’ ‘super’ profits, Chris Bowen, a minister in Prime Minister Kevin Rudd’s cabinet, said in an interview today with Sky News.

Bowen made the comment in response to a question whether the government is willing to change the level at which the tax kicks in. Australia may raise the lower limit for its proposed tax from 6 percent to 11 percent or 12 percent of company returns, the Australian newspaper reported today.

Bowen declined to say whether the government is prepared to compromise. Treasurer Wayne Swan has said the government has neither ruled in or out a change in the threshold.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.