Time to move on from MRRT mistakes, Swan

The former treasurer's response to the MRRT repeal is foolish for all the same reasons the tax was doomed from conception.

Someone needs to tell Wayne Swan that the commodities boom ended a couple of years ago. They might also point out to him that the Minerals Resource Rent Tax whose passing he laments, was almost certainly costing more to comply with, administer and collect than it raised.

The former Treasurer was tweeting away today in response to the repeal of the tax in the Senate.

“As mining production expands, Australia now without a profit-based tax to collect a decent return for our resources,” he wrote.

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