Unlevelling the playing field

The Minerals Council outline their objections to tax reform

1. The industry must be taxed at a rate that is internationally competitive.
2. Investors in the industry should not be taxed retrospectively on their investments.
3. One tax rate for all resources is not workable because different minerals have very different profitability and face different tax rates globally.

On points 1 and 3 it would appear that the mining industry want to be taxed differently to other Australian businesses - in essence they are asking to be subsidised by the taxpayer.