“‘The MRRT is a complex and unnecessary tax which struggled to raise the substantial revenue predicted by the former Government,’ Treasurer Joe Hockey said in a statement today. ‘Further still, this failed tax imposed significant compliance costs on one of our most important industries, while damaging business confidence which is critical to future investment and jobs.’  ‘The former Government linked a number of spending measures to the failed MRRT,’ he said. ‘These came at a significant cost to the Budget, to the point where the Government is borrowing money to pay for these commitments.'”

http://www.mineweb.com/mineweb/content/en/mineweb-political-economy?oid=210026&sn=Detail

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