The International Monetary Fund has given its support to the Australian Federal Government’s planned resource super profits tax. The deputy head of tax policy at the IMF Philip Daniel has told a tax conference in Sydney that the proposal is a worthwhile reform. He says there are a number of benefits in the RSPT which could also be adopted in other countries. The tax is being fought by BHP Billiton and Rio Tinto.
See http://www.abc.net.au/news/stories/2010/06/23/2934885.htm.