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2010-05-25

Megalogenis helpless or Meganomics unhelpful

Comments on George Megalogenis “Mining the figures uncovers deception”, 25/05/2010, http://blogs.theaustralian.news.com.au/meganomics/index.php/theaustralian/comments/mining_the_figures_uncovers_deception/

While George Megalogenis has apparently attempted to clear the air in the debate, he unfortunately and actually has added more confusions and had produced an effect of misleading.

His claim that "Mining is taxed less than most other sectors when it comes to corporate tax" missed the point of the big picture of distortions in the debate, that is, the Treasurer and government ministers have used 13-17% as the effective tax rate for mining.

Swan's distortion is 10 times worse than the point George Megalogenis is making.

So is George Megalogenis trying to help, or trying to help one side in the distorted debate?

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