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Albanese is crying poor, but we’re losing billions a year from untaxed gas (johnmenadue.com)
submitted 1 day ago* (last edited 1 day ago) by HalfEarthMedic@slrpnk.net to c/australia@aussie.zone
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[T] he poor design of the resource rent tax has meant little or no money has been collected. According to Treasury, “to date not a single LNG plant has paid any petroleum resource rent tax and many are not expected to pay any significant amounts until the 2030s.

Nor do the big multinational exporters of gas — including Exxon, Shell and Chevron — seem to pay much company tax. The Australian Taxation Office has labelled the oil and gas industry “systematic non-payers” of tax.

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[-] timmytbt@sh.itjust.works 6 points 1 day ago

And how should I have voted? Which party would ensure that these entities pay their dues?

this post was submitted on 13 Aug 2025
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