Andrew Hastie open to 25% tax on gas profits and says multinationals have ‘had a really good run’ on Australian wealth
https://www.theguardian.com/australia-news/2026/mar/26/andrew-hastie-open-to-25-tax-on-gas-profits-and-says-multinationals-have-had-a-really-good-run-on-australian-wealth
27 Comments
Federal Labor getting into marriage equality levels of inaction.
Hastie is such a weird dude. Sometimes he makes politically stupid decisions, like cultivating the cooker base and then telling them they’re cookers (real glass jaw this one), and then he’ll make sensible comments like this to court a broader base.
I maintain that Angus Taylor doesn’t last until the election and Hastie becomes leader in his place.
Hmmm surprised but fair oh, good on him…possibly just to wedge Labor but hopefully they actually do something.
The ‘mining pays for Medicare’ ads are infuriating.
Like, even if that was how it worked how is that an argument? Now you can pay for even more social improvements, you can cover dental being included in Medicare too.
on profits only? nah, how about just a flat 25% tax so they don’t get to play games by shifting profits around.
also domestic gas prices and internation gas prices cant be the same, no other energy exporter sells to their domestic market the international price.
Shot across the bow to Gina & other oligarchs who’ve recently reallocated a lot of their “lobbying” money from the LNP to PHON.
I have zero faith this is a serious comment and expect absolutely zero action from him if he was to somehow become leader of the party and then PM. I doubt th LNP would go for this in any capacity. The chances have been there for decades, people have wanted to get something for our resources for a long time
Love him or loathe him, I reckon he’s going to bring the Liberals back from the brink.
Where was that analytics site that shows what pollies say vs what they vote for.
Why only for gas
Only a really good run? I wonder what he considers to be a phenomenal run?
Zero tax on gas exports while the largest exporter in the world is sanctioned. Basically free money.
Don’t they already pay tax *on profits* after all the corporate shenanigans? This would lower the bill from 30% of profit.
No, we want a resource tax per tonne mined or captured. If you can’t make a profit after that, you can’t dig it up.
Duhh, We paid in, now we expect just compensation. Just a thought. Time is money.
It’s proper of the crown (us). Call it a price. Win.
Lol the corporate tax rate is 30%, so thats a tax cut.
Worded like a true Liberal. Disingenuous misinformation.
They book no profits. This is the accounting scam they are pulling. If they made profits, they would need to pay tax on it, which they dont.
To say they need to pay a 25% tax on profits they say they dont make, is doing absolutely nothing, yet trying to get the brownie points with the electorate for actually doing something.
The tax needs to be on per litre/tonne of resources extracted. Otherwise they will just pull more accounting obfuscation with whole buildings full of accountants employed specifically to avoid tax.
Watch as the mining companies move to the cayman Islands and they claim they make no profit
Another Green’s policy, or close enough to, adopted by the LNP in a bid to win back votes.
The current corporate tax rate for large corporations is 30%. So correct me if I’m wrong, but that would mean that gas multinationals are already required to pay 30% tax on profits. Hastie is essentially saying that we should lower it to 25% on profits and claiming it’s a win against big corporate.
25% on revenue u weakling.
The difference between this time and last time is the mining lobby convinced the public that taxing miners would kill the goose that laid the golden egg. Nobody believes that this time.
I pay almost double that.. why can’t they tax them the same as us ?!
Can we index it to inflation🤣
Meanwhile in the real world, Australian workers pay 30% on every dollar above $45k, 37% above $135k and 45% above $190k
In other words, under this lame proposal **those who** **do the work** to produce the profits **would continue to** **pay higher rates of tax** than the parasitic owners who do nothing but collect those profits.
More like multinationals have had a good “ram” on Australian wealth with how much the government bends over for them
47% tax minimum on all minerals they dig from the ground and sell, not profits. How is that working people pay more taxes than companies selling minerals? And then 30% on profits on top of that, just as any other Australian company, which will be a discount from the top marginal rate Australians are paying personally. What do you say about that?
lol if Albo commits and follows through. Hastie (shocked pikachu face)
“Had a really good run” yeah, no shit, dickhead. They’ve had an absolute laugh at the expense of so much of Australia. Oh to have had an appropriate resource tax (i.e. Norway) for decades.