Factcheck
FACTCHECK
Factcheck: It's true. A 25% gas exports tax could be a game-changer for the arts.
A "25% tax on gas exports would make “17 billion dollars a year”, and, as ARIA-award-winning musician Montaigne claims, “if even a fraction of [that money] was directed to music and the arts, it could change the game”. They're right — if less than one fiftieth of the potential annual revenue from the 25% gas exports tax went to arts funding, that alone could be transformative.
FACTCHECK
Factcheck: Will the cut in the fuel tax excise be inflationary? No, it will not be.
Economists and other inflation watchers are claiming that the cut in the fuel excise will be inflationary. This is not true, as this claim ignores everything else that is happening in the economy right now.
FACTCHECK
Factcheck: Does the mining industry pay enough tax to fund medicare? Nice try, but no
In a new ad campaign, a mining lobby group claims that mining companies pay “enough tax to fund Medicare.” This is not true. Over the past ten years, the total cost of Medicare was $322 billion, while the mining industry paid $228 billion in tax, a gap of some $94 billion.
FACTCHECK
Do Tim Wilson’s claims on the gas export tax stack up? No, they don’t.
Shadow Treasury spokesperson, Tim Wilson, was on Triple J’s Hack yesterday and he made some interesting statements and claims about gas tax. To set the record straight: royalties are not tax, Australia does not have a gas shortage, and beer drinkers do pay more, than gas companies pay the PRRT.
FACTCHECK
Factcheck: The crossbench called it -- High Court rules curfew measures unconstitutional, again
On the 18th of March, the High Court released its judgment on EGH19 v Commonwealth of Australia, ruling that conditions requiring a curfew and ankle-bracelet monitoring on someone released from indefinite immigration detention were not compatible with the Constitution.
FACTCHECK
Factcheck: Will a 25% gas export tax cause higher inflation? No, it will actually lower inflation
On Monday, journalists asked if a 25% export tax that helped pay for cost-of-living relief would “just increase demand and worsen inflation”. No, it will lower inflation.
FACTCHECK
Factcheck: Yes, Ed Husic is right. Australia exports gas so cheaply that Japanese companies profit from on-selling our gas
The claim is true. Japanese companies are on-selling a lot of Australian LNG and making a lot of profit while doing it.
FACTCHECK
Factcheck: The gas industry says an export tax will hurt Australians. The numbers say otherwise
The gas industry is clearly worried that a vast majority of Australians believe there should be a 25% tax on gas exports. After decades of playing Australian governments for fools, the industry deserves to be worried that Australians and politicians across multiple parties have realised that Big Gas is taking the piss.
FACTCHECK
Factcheck: Are population growth and a lack of supply driving the housing crisis? (no)
The Senate Select Committee on the Operation of the Capital Gains Tax Discount tabled its report on Tuesday. In short, it found that Australia’s current tax system favours investors and fuels intergenerational inequality. But the Coalition maintains the CGT discount is “working as intended.”
FACTCHECK
Factcheck: Does Australia have a gas shortage? No, we have more gas than ever
For the last decade, Australians have been continually told by the gas industry, media commentators and politicians we have a gas shortage. These claims are almost always used to pressure Australian governments to approve open new gas fields on the basis that the gas is needed to supply Australians and reduce gas prices.
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