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End the $60 billion deal - Brown

The Australian Greens will raise pressure for the original resource super profits tax to be reinstated, as new figures show the deal stitched up by the Government last year gave away $60 billion in revenue, Greens Leader Bob Brown said in Hobart today.

"The big mining companies will effectively take $60 billion out of Australian taxpayers' pockets as they gouge profits out of Australian soil and ship it offshore," Senator Brown said

"BHP Billiton and Rio Tinto will export billions at the expense of Australians, giving away revenue that could fund services and infrastructure, including the proposed $5 billion universal disability insurance scheme."

"The figures released by the Treasury explain why the Australian Greens were never challenged on our much more modest assessment of the amount Martin Ferguson had conceded to his mining chums," Senator Brown said.

 

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