photo credit: Fool-On-The-Hill

The Australian Financial Review’s John Kehoe reports that:

Qantas Airways has called on the federal government’s tax review to introduce a new tax on mining companies for the extraction of natural resources to fund a reduction in other business taxes.

Due to the subscriber only nature of the website, we can’t bring you more detail.

One line worth transcribing is “To create a tax on our natural resources would not only protect them but also shift the tax burden onto products with a low elasticity of demand and provide more consistent revenue streams.” said the Qantas chief financial office Colin Storrie and Virgin Blue CFO Keith Neate.