Advertisement

Swan ‘misled party’ on tax

Former Labor treasurer Wayne Swan misled his party and ambushed the mining industry over his proposed mining tax, a former Labor resources minister says.

Former minister Martin Ferguson accused Mr Swan of empty promises of industry consultation over the tax which was integral to the removal of former prime minister Kevin Rudd.

Moments of madness from out polyester politicians
Palmer defends China comments

Mr Swan never intended to consult the industry on the tax, he said.

“I felt like resigning, especially when I got the companies in and saw their reaction. It was one of disbelief,” he said about the moment he saw the policy.

His account of the saga is detailed in Triumph and Demise, which is to be released by Prime Minister Tony Abbott next week, News Corp Australia reports.

Mr Swan rejects the allegations saying he consulted with the industry in April 2010.

Stay informed, daily
A FREE subscription to The New Daily arrives every morning and evening.
The New Daily is a trusted source of national news and information and is provided free for all Australians. Read our editorial charter
Copyright © 2024 The New Daily.
All rights reserved.