Australian Prime Minister Proposes Tax For Flood Damage – According to Australian Prime Minister Julia Gillard, the cost of repairing flood damage in Australia will top AUS $5.6 billion (US $5.58 billion). She proposed a one-year tax to help fund the reconstruction.
Gillard said on Thursday: “The great floods of this summer have been a national tragedy, not just a natural disaster, because of the awful loss of human life. The great floods of this summer have destroyed billions of
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