**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.