Australia's Swan: mining tax won't have dire impact
CANBERRA |
CANBERRA May 7 (Reuters) - Australia's new 40 percent tax on mining projects will not have dire consequences for the industry, Treasurer Wayne Swan on Friday, adding some mining executives have been whipping up a fear campaign.
The new tax, due to start in mid 2012, has angered the mining industry, which has warned it will hurt investment and see mining capital move offshore.
(Reporting by James Grubel; Editing by Ed Davies)
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