The existing tax fails to capture a fair share of our vast gas exports.
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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.
Intergenerational fairness is becoming a new focus for the Albanese government, but just how far it will go remains to be seen.
Politicians and environmental groups are renewing calls for a 25% tax on Australia’s gas exports. An energy law expert explains how it would work.
The former cabinet minister said Australians have been ‘sold short’ by not taxing gas exports enough.
We speak to independent economist Chris Richardson on the fuel crisis and the Australian economy.
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.
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.
Local communities are likely to be dissatisfied with the report from the PRRT review because its recommendations only apply to future projects and won’t herald any changes in the budget.
The petroleum resource rent tax must be reformed to generate any significant revenue.
Top contributors
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Professorial Fellow, University of Canberra
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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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Deputy Director and Associate Professor, Centre of Policy Studies, Victoria University
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Professor, Department of Economics, The University of Melbourne
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Industry Fellow, Institute for Sustainable Futures, University of Technology Sydney