Caterpillar Inc “concerned” about Australian Mining Tax

June 14, 2010 · Posted in Australia · Comment 

Caterpillar IncCaterpillar Inc., the world’s largest manufacturer of construction equipment, said the proposed 40 percent tax on profits of Australian mining operations, the company’s sales in the country hurt. “Together with our dealers and customers in the region, we are concerned about the potential impact of the proposed change in tax policy will have on the production of mining equipment and our sales in Australia,” Caterpillar spokeswoman Kate Kenny said. Read more