Guess who thinks the Mineral Resource Rent Tax (MRRT) is working well?
Sorry, but there's no prize if you guessed right.
“The MRRT was designed as a tax on super profits on the mining industry and importantly the tax is actually operating as it was physically designed," mining giant Rio Tinto's new chief executive Sam Walsh told AAP.
Err, yes, very well designed — for some — by a Gillard government fresh from the ALP leadership coup, with more than a little help from the biggest mining companies.