In news that will not surprise any readers of this blog, but the federal government’s plan to overhaul the tax system for the offshore gas industry have encountered significant delays in parliament. Indeed, we first spoke about the suite of changes in an article last year. The government wants to modify the Petroleum Resource Rent… Continue reading Australian Government’s Tax Reforms Hit Parliamentary Roadblock
Tag: PRRT
Labor considering a gas tax hike
Perhaps the federal government has identified a shift in public sentiment, as it is likely that they will impose a tax on the windfall profits of gas producers during the May budget. Which speaks to how confident the Albanese government is in its popularity within the electorate, considering the scarring from the Mining Tax experience… Continue reading Labor considering a gas tax hike