| CEO Institute Report June 2010 |
 The CEO Financial Index for June was 33. This is lower than the last quarter when it was 45, but still positive. The decline was mainly driven by a drop in the confidence of Queensland CEOs that the economy is "heading in the right direction". Their expectations of profitability, investment and employment were similar to the previous quarter. We also asked respondents about the government's Mining Resource Rental Tax (MMRT) 41% agreed that it was right to tax companies at different rates and 35% disagreed, with 5% unsure and 18% neutral. Qualitative responses also showed that 16% of CEOs thought that the Resources Super Profits Tax (RSPT), the precursor to the MMRT, had been the most significant factor affecting business over the last 6 months. This was slightly more important than the global financial crisis, which was nominated by 13%. |
