Greens label move as ‘less than the bare minimum’ while Monique Ryan says Australia remains a ‘global laggard’ on taxing industry
Get our morning and afternoon news emails, free app or daily news podcast
Australia’s changes to its tax on big gas exporters will deliver little if any additional revenue, analysts say, with any benefits in the short term coming at the expense of future budgets.
The treasurer, Jim Chalmers, heralded the changes to the petroleum resource rent tax (PRRT) as delivering “a fairer return to the Australian community from their natural resources” that would boost receipts by $2.4bn over the four years to 2027-28.
Continue reading…Greens label move as ‘less than the bare minimum’ while Monique Ryan says Australia remains a ‘global laggard’ on taxing industryGet our morning and afternoon news emails, free app or daily news podcastAustralia’s changes to its tax on big gas exporters will deliver little if any additional revenue, analysts say, with any benefits in the short term coming at the expense of future budgets.The treasurer, Jim Chalmers, heralded the changes to the petroleum resource rent tax (PRRT) as delivering “a fairer return to the Australian community from their natural resources” that would boost receipts by $2.4bn over the four years to 2027-28.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…