Ian M. Mackay, PhD (he/him)Apr 24, 2023

**Why Australia lags behind the rest of the world in taxing oil and energy giants.**

".. don't forget the cost of the stage 3 tax cuts locked in by the Albanese government, which threaten to strip $243 billion in revenue from the coffers over the next decade"

https://www.abc.net.au/news/2023-04-25/australia-prrt-oil-giants-chalmers-federal-budget/102262102

Why Australia lags behind the rest of the world in taxing oil and energy giants

If you're an oil and gas producer, Australia is a fantastic place to operate. If, however, you're an Australian citizen (or a treasurer trying to balance the books), the tax system leaves a lot to be desired, writes Ian Verrender.

ABC News
Show threadChookMother 🇦🇺🦘

@mackayim2022 This is a debate about how much profit we can make from a fuel that we know will ultimately destroy life on Earth if its use continues.

It's like talking to the condemned about how much the executioner gets paid while waiting for the axe to fall.

Apr 25, 2023 at 12:54amWeb