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BHP Billiton Limited Message Board

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  • ferdiefor ferdiefor May 2, 2010 4:14 PM Flag

    why BHP say tax rate only goes up 14%?

    This is election year politics in Australia. Do not expect the bill to hold in its present form. The nonresource side of the economy consists of Aussie pension funds that derive great benefit from the growth in BHP and RIO stock. There will be a more gradual approach over a longer period of time once the nonresource part of the economy realizes that lower tax rates come with a big hit to their retirement portfolios.

 
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