Wednesday 13 February 2013

MP Joel Fitzgibbon in support of MRRT Reform

Hunter MP, Joel Fitzgibbon has voiced his support for the reform of the Mineral Resources Rent Tax.

Mr Fitzgibbon argues royalties deals with state governments are to blame for the tax failing to bring in the promised two billion dollars of revenue.

He says overhauling the tax would stop state governments abusing their power to set royalties, and ensure wealth accumulated from the Hunter region returns where it was generated.