Australian mining executive demands Labor's deal with Greens transparent

19:21, July 21, 2010      

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Australian billionaire mining executive Clive Palmer has demanded the Labor party make its preference deal with the Greens transparent.

Palmer was responding to Wednesday's announcement by Greens leader Bob Brown that they will demand higher taxes from the mining industry if they achieve the balance of power in the Senate.

He said the government's recent compromise with the mining sector over the proposed resource super profits tax will be rendered null and void by any intervention by the Greens in the Senate.

"Just when the industry thought this issue was settled, the Labor government and the Greens have again shattered confidence in the best-performing and most profitable industry in Australia," he said.

Palmer said increased taxation in the resource sector will destroy the Australian economy, overseas investment and jobs.

Palmer said the mining tax issue will be a key consideration for Australians at the ballot box on election day.

Source: Xinhua

(Editor:王千原雪)

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