MRRT Hearings

We had some rather spirited exchanges in this morning's economics committee hearings over the Minerals Resource Rent Tax.

For anyone interested in the details, here's Treasury's critique of the analysis conducted by BDO accountants for Fortescue, including discussion of its mathematical error.

Incidentally, BDO and Horwath (who did the costings for the Opposition's 2010 election campaign) are a merged firm.

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