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    Greens and crossbench back 25% gas export tax, giving government numbers to pass it within weeks
    Australia

    Greens and crossbench back 25% gas export tax, giving government numbers to pass it within weeks

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    25 Comments

    1. duc1990 on

      Just brace yourself for the incessant barrage of ads from those companies crying poor!

    2. Dockers4flag2035orB4 on

      Madeleine King the Resource Minister claimed the gas industry already pays $12 Billion in taxes.
      So I’m guessing the ALP won’t be legislating any new taxes on the Gas Industry.

    3. dingBat2000 on

      The government is using gas as leverage to access fuel supplies from Singapore , china and Korea, when their own populations will barely have enough at this point.
      They aren’t about add a fuck U tax to those countries on gas id imagine

    6. OCAU07 on

      Watch them be weak on implementing and only apply to new developments that haven’t been approved

    8. WhatAmIATailor on

      I don’t oppose this tax but look out for our export market crying war profiteering. We should have done this decades ago, not as a knee jerk to a crisis.

    9. Sanguinius on

      Bear in mind that this tax should have been initiated from the start. We give our gas away so cheaply that other countries actually on-sell it to other countries for a fucking profit.

      #justaustralianthings

    10. plutoforprez on

      Of course they have the numbers to pass it. Will I hold my breath while we wait? Better not…

    11. Carmageddon-2049 on

      About time.

      This policy if implemented in 2022 would have raised $63 billion in windfall taxes. $17 billion now, better than nothing I’d say.

    13. Jealous-Hedgehog-734 on

      I’m not against it but the government will immediately be challenged under [Section 51](https://en.wikipedia.org/wiki/Section_51(xxxi)_of_the_Australian_Constitution), the [ISDS](https://www.dfat.gov.au/trade/investment/investor-state-dispute-settlement) and possibly [WTOs GATT](https://www.wto.org/english/docs_e/legal_e/gatt47_e.htm) by the gas industry.

      Personally I’m pro-sovereignty but you have to realise that successive anti-sovereignty governments have been in power for a long time (both sides) signing us up to punitive terms in international agreements/FTAs etc. and trying to do this will kick off a huge legal battle as Australia tries to reassert it’s sovereignty over resources.

    14. Fidelius90 on

      Do the right thing ALP, this is why I voted for you. Very obvious if you don’t support this/similar (~20% is still plenty).

    16. named_after_a_cowboy on

      Should be an equivalent increase in royalties, not an export tax, which harms international relations. China will probably respond by putting tariffs on our agriculture sector creating job losses.

    17. Glass_Ad_7129 on

      Politically the best time to do this, no viable opposition will likely benefit from the backlash enough to take government or cripple the current one into minority gov… like last time.

      Plus, money made at the moment would be through the roof enough they might not care as much to throw as big of a tantrum.

      And, publicly its more and more viable, people know roughly what a mining company tantrum looks like, and thus less suspectable.

    18. ValuableLanguage9151 on

      Genuine question: isnt the price of gas already set in these agreements? Would the tax only apply to new gas sold?

    20. Skylam on

      All it took was a global energy crisis spawned by the crybaby pedophile in the White House to get a tax on our resources.

    21. Belcamryn on

      That isn’t the policy they’ve announced, they have announced the details of the policy yet

    22. corkas_ on

      Id be keen to see the details and wording behind it.
      Is it a flat 25% tax? What about the gas they burn to cool and compress the gas into liquid for export? Is it deductible? Is it an ongoing or windfall profit tax?

      Im all for them paying more. But with how long the government has let them get away with it im cautious that the government will conveniently leave in Loop holes that let them continue paying little to nothing.

    24. Electrical_Hyena5164 on

      Look up how many Labor politicians have worked for gas companies as lobbyists after they retired from politics. (Liberals are even worse). They aren’t going to put the khybosh on their own future lucrative employment.