Richard Denniss notes that the export revenue from Australia’ natural gas mostly goes to foreign shareholders.
Articles on Petroleum resource rent tax
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As gas prices soared in recent years, Queensland actually earned more money – for less gas – than the federal government. Here’s why.
A new report reveals which companies are paying tax and which aren’t. But it lacks other important detail on the tax practices of Australia’s largest corporations
Nobel Prize-winning American economist Joseph Stiglitz made the assertion on ABC’s Q&A on Monday night. What exactly did he mean, and does the claim stack up?
In this podcast, @michellegrattan canvasses the budget with Treasurer @JEChalmers, Shadow Treasurer @AngusTaylorMP and The Conversation's politics + society editor @amandadunn10
Changes to the petroleum resource rent tax (PRRT) are long overdue, but Labor’s modest attempt at reform represents a missed opportunity.
Grattan Institute estimates point to deficits without end, growing with the need for greater spending on health, defence and natural disasters. We’ve presented the treasurer with 13 costed options.
Australia already imposes a super-profits tax of 40% on gas producers, but very little is paid. Yet we know how to simplify the system, so we’re not gifting billions to multinational companies.
Australia gets less from the petroleum resource rent tax than it did 20 years ago when exports were small.
Top contributors
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Adjunct Senior Research Fellow, Business Law and Taxation Dept, Monash Business School, Monash University
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Professor of Law, Deakin University
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Professorial Fellow, University of Canberra
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Fellow, Grattan Institute
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Chief executive officer, Grattan Institute
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Professor of Taxation, QUT Business School, and ARC Future Fellow, Queensland University of Technology
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Industry Fellow, Institute for Sustainable Futures, University of Technology Sydney
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Democracy Deputy Program Director, Grattan Institute