Caterpillar 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
Tags: Australian mining operations, Caterpillar, Caterpillar Inc, mining company, mining equipment, mining tax, mining taxation, production of mining equipment, tax policy, Coal Mining Australia, Catepillar, Caterpillar Coal Mining, Caterpillar Equipment Mining Photos, Caterpillar Coal Mining Equipment, Cat Construction Machine, Biggest Construction Equipment, Coal Mining In Australia, Australian Mine Caterpillar, Manufacturer Of Mining Equipment
CANBERRA – Australia proposed 40 percent tax on mining is not designed for the booming resources sector, the Australian Minister of Finance said on Thursday Ken Henry slow. “Certainly it is not the purpose of the Resource Super profits to slow growth of the mining sector,” Henry told a parliamentary hearing. Read more
