Mining taxPublic Contest through the Popular Media The Mining Industry s Advertising War against...

Question

Mining taxPublic Contest through the Popular Media The Mining Industry s Advertising War against theAustralian Labor GovernmentThe press and issue framing in the Australian mining tax debateUsing the article provided discuss the following:? IMPORTANT: Relate your answer to the link between theory and practice.? What is/are the accounting issue or issues raised in these articles?? What theory/or theories might explain why this issue/or these issues are a problem?? Who are the stakeholders? Describe each stakeholder and their concerns.? What is motivating the stakeholders to act in this manner and who will be affected by theseactions?? Using the stakeholders you have identified detail what accounting theory might explain theiractions or perceptions?? Compare and contrast the different theories and identify which of these theories is mostimportant and explain reasons why you think your chosen theory is the most important.? Is there any recommendations or application of the theory that might have meant that theseaccounting issues did not arise?You should consider accounting theories that you believe are relevant.http://www.theguardian.com/commentisfree/2014/feb/19/mining-tax-its-time-for-all-australians-to-realise-they-are-being-ripped-offhttp://web.b.ebscohost.com.ezproxy.usq.edu.au/ehost/detail/detail?sid=78a8570d XXXXXXXXXXafa9-dd5e1739f331%40sessionmgr101&vid=0&hid=115&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#AN= XXXXXXXXXX&db=anhhttp://www-tandfonline-com.ezproxy.usq.edu.au/doi/abs/10.1080/ XXXXXXXXXX

Robert · Accepted Answer

___________________________________________________________________________ 
Australian Government has been started to make changes in fiscal policy by introducing 
new taxes, out of that petroleum resource rent tax in 1987 had given important change to 
increase its tax revenue, after that government made more development policy, still now 
(PRRT)   is considered as one of best resource for the government revenue.   In the year 
2004, Mineral and Petroleum Resources ministry department   investigated about petroleum 
and mining department monetary benefits as a result, decided to receive profit-based royalty 
in Petroleum Resource Rent Tax (PRRT). During in the year 2010, Government 
implemented Resource Super Profits Tax (RSPT) for all non-renewable resources except low 
value minerals.  In July 2012 Government introduced Mineral Resource Rent Tax (MRRT) 
applicable only to coal and iron ore to revised of RSPT. 
Government has started to receive  strong against from its opposition party at the same time 
press has  framed as an issue before the public called them to participate in debate  via  polls 
whether  mining tax was acceptable or not,  recorded the  negative and positive  response,  
fortunately  result arrived  with    positive  response votes higher than negative, even though 
press and media  shown their against for mining tax, Kevin Rudd who was a  prime minister 
resigned his job via lost of confidence, followed the by- election minerals industry used 
million dollar advertising campaign,  involving television, print and radio to vote against 
Kevin Rudd government,  Government also taken necessary advertising campaign by using 
more funds to support mining tax, though Kevin Rudd lost his leadership after that  Julia 
Gillard who was a deputy prime minster taking charge as prime minister,  made  the issue 
calm down by altering the  mine tax procedures.

Mining tax Public Contest through the Popular Media The Mining Industry s Advertising War against the Australian Labor Government The press and issue framing in the Australian mining tax debate Using...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment