Lets Tax Gas Resources Competitively | Australia losing $90 BILLION through lack of will!

Imagine What $90 Billion can do to the budget bottom Line!

Tax gas resources on a level playing field.

Is that too much to ask? Australia tax gas resources at a 15% discount to the North Sea producers like Norway, Denmark, Germany and Neatherlands.

Qatar, the next biggest gas exporter makes $26 BILLION per year more from its gas than we do when we tax gas resources.

Tax Gas Resource Fairly

We aren’t talking about some leftwing tax grab here just about being competitive.

‘Staggering’: $90 billion lost in resources tax

An Oxford University expert says Australia would be $90 billion better off if it adopted European-style resource tax policies and argues the Turnbull government has given up on collecting a meaningful amount of revenue from some of its most valuable resources. ‘Staggering’: $90 billion lost in resources tax

Qatar Tax Gas Resource $26Bl/year higher than us

We make as much out of taxing beer as we do taxing gas resources, $600million/yr

‘Staggering’: $90 billion lost in resources tax

Australia is on track to eclipse Qatar as the largest exporter of gas by 2020, but is expected to only earn $600 million in 2018 – the same amount of revenue the government earns in beer tax every year – compared to Qatar’s $26.6 billion. ‘Staggering’: $90 billion lost in resources tax

postcourier.com.pg

Our Tax System Is Broken. We Are Being Played.

The big companies get to game the system creating shortages to keep prices inflated.

How Australia is being cheated over its gas – Post Courier

Australia is “swimming in gas” but ordinary citizens are not benefiting from this precious resource.

As energy analyst Bruce Robertson told news.com.au last week, Australia has been “uniquely stupid” in allowing companies to dig up resources that belong to the Australian people and sell it overseas, without even ensuring there would be enough gas to cover our own use.

Instead big gas companies are selling the resource overseas for a profit, and even other countries are making more money than Australia is from its own gas. How Australia is being cheated over its gas – Post Courier

We Don’t Even Know How Much Gas The Big Companies Have.

How Australia is being cheated over its gas.

The even sadder reality is the government has little power to force gas companies to give us more gas. To keep the country’s power supply stable.

The government can’t even find out how much gas the companies have got in their reserves. How Australia is being cheated over its gas – Post Courier

 

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Summary
Lets Tax Gas Resources Competitively | Australia losing $90 BILLION through lack of will!
Article Name
Lets Tax Gas Resources Competitively | Australia losing $90 BILLION through lack of will!
Description
Qatar levies $26Billion/year more in tax on about the same amount of exports! An Oxford University tax expert says Australia has given up on collecting a meaningful amount of revenue from some of its most valuable resources.
Author
Publisher Name
MaxiLife Properties Australia
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