Friday, 2 July 2010

Treasurer and Treasury the losers


The prestige and influence of Wayne Swan and his department suffered mightily this morning with the scrapping of the mining super profits tax which was the one major element of the review of the national taxation system that the Labor Government had agreed to introduce.
Now the report of the committee headed by Treasury Secretary Ken Henry will remain in its pigeon hole as a memorial to the difficulties in our system of government, with its three year parliaments and the lack of a majority in the Senate, for difficult decisions to ever be taken.
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