Mastodawn

#MarkOggy may have hit the nail on the head when he wrote:
‘The secrecy around government interactions with the gas industry means that we can only guess why our elected representatives have failed us so badly on this issue. But one thing we can say with certainty is that many of our politicians are too close to the gas industry.’

Whatever the reason all govts have so far utterly failed to look after the interests on ordinary Australians. Now, with more economist finally coming to their senses and pushing for more tax revenue to be garnered off #GasExports , it might give #AlboPM the excuse he needs (because #Chalmers certainly doesn’t need it) to finally be ‘progressive’ as the Labor Party ought to be.

Why Labor and the Coalition fear David Pocock’s gas inquiry

Last week, Senator David Pocock proposed a Senate inquiry into the “extraordinarily low rates of revenue Australians receive from the export of our gas resources.”

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DragonFlame

@RaymondPierreL3

"Santos Limited has racked up a 10th straight year of zero corporate tax payments from a total of nearly $47 billion in sales.

Darwin’s Ichthys LNG Pty Ltd paid zero corporate tax for the 6th year from a total of $43 billion in sales.

Australian beer companies pay more in beer excise than the gas industry pays in PRRT.

Australians continue to pay much more in HECS repayments than gas companies pay in

Australians get a fraction of the return of other gas exporting countries like Norway and In 2023 the Qatari Government received $A56 billion, while Australian governments received just $11 billion for roughly the same amount of gas.'

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RaymondPierreL3 6d ago

@RHW
Yep. And what does #AlboPM do about it? Nada. Zero. Zilch. Nothing (the #PRRT rate rise is a joke and #GasIndustries are laughing all the way to their (foreign) banks).
#AusPol

😤😤