Gas Export Tax Could Raise $17 Billion Annually
Energy Minister Chris Bowen is considering a 25% tax on gas exports as part of a broader strategy to secure higher returns for the region. The government is weighing the economic benefits against the need for regional cooperation in liquid fuels and gas. The proposal comes amid a growing public campaign for increased taxation on gas companies. An analysis by the Australia Institute suggests a 25% tax on gas exports could generate $17 billion in annual revenue. No specific timeline for implementation was provided. The report notes that Australian nurses currently pay more in taxes than the gas industry. The findings were released in Canberra.
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Sources · 7 independent
ABC NewsRadio AU
“Energy Minister Chris Bowen says the government has to look at the broader picture when considering a 25% tax on gas exports.”
2GB Sydney
“Australia Institute analysis shows a 25% tax on gas exports could raise $17 billion a year.”
2GB Sydney
“25% tax on gas exports could raise $17 billion a year.”
2GB Sydney
“Australia Institute analysis shows a 25% tax on gas exports could raise $17 billion a year. Meanwhile, Australian nurses pay more tax than the gas industry.”
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