Ferguson returns fire

CLAIMS by Andrew Forrest that the proposed Minerals Resource Rent Tax will protect the interests of the multinationals to the detriment of Australia-based juniors have been shot down by Resources Minister Martin Ferguson who also dismissed threats of a constitutional challenge in the High Court.

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Yesterday Forrest labelled the tax as “economic vandalism” and warned the MRRT unfairly benefited multinational companies – including BHP Billiton, Rio Tinto and Xstrata – that could fund projects

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