Tax favours majors, penalises juniors: Forrest

FORTESCUE Metals Group chief executive officer Andrew Forrest has come out swinging against the federal government’s draft legislation for the Minerals Resource Rent Tax, labelling it as “economic vandalism” and flagging a potential High Court challenge if the proposed tax, in its current form, becomes legislation.

Tax favours majors, penalises juniors: Forrest Tax favours majors, penalises juniors: Forrest Tax favours majors, penalises juniors: Forrest Tax favours majors, penalises juniors: Forrest Tax favours majors, penalises juniors: Forrest

Recent media reports have linked FMG, along with the Western Australian government, to a potential constitutional challenge against the MRRT in the High Court once the details of the tax become

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