Market Currents
Australia's 30% mining tax is going to be a bit of a bust, predicts UBS, but it's still going to...
-
Sunday, June 24, 2012, 4:39 AM ETAustralia's 30% mining tax is going to be a bit of a bust, predicts UBS, but it's still going to hit corporate earnings. The bank estimates that the tax will generate A$3.2B in FY 2013 and 2014, under half the Treasury's forecast of $6.5B. And citing the mining and carbon charges, the bank cut its profit estimate for BHP and Rio Tinto (RIO) by 4%.
Other date
Latest Commodities Articles
