House debates

Thursday, 1 November 2012

Questions without Notice

Mining

2:17 pm

Photo of Tony AbbottTony Abbott (Warringah, Liberal Party, Leader of the Opposition) Share this | Hansard source

My question is to the Prime Minister. I refer the Prime Minister to an editorial from the Wall Street Journal this week that states:

For the latest tutorial on lousy tax policy, cast your eyes down—way down—to Australia, where the country's windfall mining tax has produced … zero revenue in its first three months.

  …   …   …

This is what happens when government tries to raid business to fill a budget hole, rather than lower taxes to promote economic growth …

Does the Prime Minister regard these comments as negative scaremongering?

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