Feb 10, 2020 | In the news
BY PATRICK COMMINS ECONOMICS CORRESPONDENT/THE AUSTRALIAN @ComminsP 10:03PM FEBRUARY 9, 2020 A failure to modify outdated gas royalty tax rules means Australia is “giving away for free” the world’s largest supply of liquefied natural gas to multinational corporate...
Jul 22, 2019 | In the news
by Mike Bruce, The New Daily July 17, 2019 Australia this week became the world’s largest net exporter of liquified natural gas (LNG), overtaking the small Middle Eastern state of Qatar. Australia’s LNG production leapt 21 per cent in the past financial year to 75.1...
Apr 15, 2019 | In the news
Updated Friday at 16:10 First posted Friday at 15:47 Expires: Saturday 9 March 4757 8:02pm The profits based petroleum resources rent tax is only paid by a handful of oil and gas projects as resource giants claim more than $300 million in tax credits.The federal...
Apr 1, 2019 | In the news
By business reporter Nassim Khadem, ABC Oil and gas giants operating in Australia may not have to pay tax for years to come, as they accumulated $324 billion worth of tax credits in 2017-18. Australian Taxation Office (ATO) statistics show the amount of tax credits,...
