The only things which are out of the financial crisis in Australia are the business of Ores like Gold, Uranium etc. But now these are also included in the list of losses. Those who have got the shares of the metals or ores are not feeling safe anymore now.
The taxes put by the federal government on the ores is been a result of that. And also there is a tax for the mineral resources as well and the share holders are in a terrible position because now the clients don't want to pay more as due to the tax increments.
As per the report the gold is now turned out o be more expensive as its value now 1700 US dollar per an ounce.
The mining companies now want to get rid of this growth of the tax. Their Chief Executives have done a worldwide study about the tax increments through Frazer Institute in Canada. All the participated regions may be directly or indirectly want to get rid of the tax increments.
For Australia there were 13 percent of people responded about the matter and they said they are not going to invest in New South Wales because as in north region the tax increment is more than 14%.
