Taxing the Heart out of Australia

Australian flag

The Rudd Resource tax is just another in a long line of taxes helping to depopulate rural Australia.

That depopulation of the outback started with the fringe benefits tax and the removal of accelerated depreciation, both of which penalise companies who provide housing for employees.

Every government since then has accelerated the drift to the coastal and capital cities.

The heavy burdens of excessive fuel taxes, coal royalties, rail freights and infrastructure bottlenecks have for years restricted the development of the outback resource industry. Only deposits that are rich or close to the coast can pay their way, which is why the Galilee Basin has been undeveloped for so long.

The vegetation control bans, water mismanagement and growth of carbon credit forests are depressing agriculture and will depopulate rural towns. Continue Reading →