Chamber of Commerce and Industry Queensland (CCIQ) says the Commonwealth’s proposed super mining tax could spell the end of the Rudd Government.
Prime Minister Kevin Rudd says the 40 per cent super profits tax on mining companies will give Australians their fair share of revenue.
But CCIQ spokesman David Goodwin says it is an incredible mistake.
“I think if we thought the insulation program was big, this will dwarf it,” he said.
“What this has done is potentially killed the goose that has laid the golden egg – it is just a matter of when.
“How many jobs will be lost in the meantime, and probably more important – how bad will Australia’s international standing be for a place for mining investment.”
Meanwhile, the Queensland Resources Council (QRC) says it hopes Premier Anna Bligh can persuade the Federal Government to reconsider the proposed new mining tax.
QRC chief executive Michael Roche says the mining tax will jeopardise $100 billion worth of projects in Queensland.
Mr Roche and other mining leaders met with Ms Bligh last night to share their concerns.
“She made it clear she was serious about working with industry to get this tax improved, so that we get a positive outcome from Queensland investment and Queensland jobs,” he said.
He says Ms Bligh was sympathetic and has offered to take it up with the Commonwealth.
“I’m expecting that not long after [Federal] Treasurer [Wayne] Swan has delivered and bedded down his budget, he can expect to be contacted by the Queensland Government seeking talks about the problems with this so-called super profit tax,” he said.