Japan on-sells almost twice as much gas as Australians consume
Gas companies argue that a 25% gas export tax would threaten Japan’s energy supply - this is nonsense.
Jack Thrower is a Senior Economist at the Australia Institute. He has experience working across the federal public service. Jack’s interests include inequality, taxation, social policy, the welfare state, and industrial relations.
Gas companies argue that a 25% gas export tax would threaten Japan’s energy supply - this is nonsense.
For decades, Australia has tolerated a rapidly growing gas industry that pays little tax and royalties, employs few people, pushes up gas and electricity prices for Australian families and businesses, and worsens the climate crisis. But it didn’t have to be this way, other countries show another path was and is possible.
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BP have correctly uncovered that a tax on gas exports would raise more revenue than the Petroleum Resource Rent Tax (PRRT). However, some of their other claims in their submission to the Senate Select Committee on the Taxation of Gas Resources were misleading...
Will a gas export tax harm our diplomatic relationships? No. Foreign companies being sad about having to pay some tax in Australia is quite different to foreign countries losing trust in Australia as a reliable trade partner.
The claim is true. Japanese companies are on-selling a lot of Australian LNG and making a lot of profit while doing it.
The claim that half of voters rely on the Government for 'most of their income' that has been repeated across the media and by politicians, simply isn't true.
How can Australia solve the issue of child poverty?
Australia has a big “big car” problem; we have too many SUVs and utes, and we keep getting lots more of them.
Last year, Australians lost $34.8 billion in bets. That’s more than Australian households spend on electricity and gas or alcohol.
If Albanese is serious about ‘progressive patriotism’ he could start by prioritising the livelihoods of Australians over the profits of gambling companies.
