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The Sydney Morning Herald reported on Treasurer Wayne Swan’s comments that the current mining boom won’t have a dramatic effect on Australian government revenue.
The Sydney Morning Herald reported on Treasurer Wayne Swan’s comments that the current mining boom won’t have a dramatic effect on Australian government revenue.
The market news is quoted as saying:
Unlike between 2004 and 2007 when tax revenues were revised up by a massive $334 billion cumulatively over the budget estimates, the current boom is expected to generate more modest inflows of revenue.
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