The Government has introduced two new mining taxes Resources Super Profits Tax & Mineral Resource Rent Tax.

The people have mailed their viewpoints to brombyr theaustralian com au.

Reader #4 from Hobart has called the new mining tax as no different from the last disorder, as far as his retirement, is concerned. He added that his super fund was now down 65 per cent, thanks to the RSPT resources super profits tax and so-called MRRT mineral resource rent tax.

Reader # 5 is also shocked at the pain that it has caused to his investments.

A father of two young children, he and his wife, had invested in some exploration or junior mining companies. There are two main concerns. First, the exemption from the MRRT for profits is up to $50m. This amount is too low.

Secondly, phosphates and uranium stocks are not in demand, and the global commodity prices are low. The Government should, thus, amend the tax to include these commodities before the prices pick up.

Reader # 6 is retired and living on superannuation, and he is not happy.

He said that the Government should revert to square one and negotiate with the states and the various industries to bring in a resource rent tax that would provide growth in income and certainty for the states, based on their prior royalties.