6min chapter

Follow The Money cover image

October Budget Wrap

Follow The Money

CHAPTER

Challenges in Taxation of Gas Industry Profits in Australia

The chapter delves into the issues with the Petroleum Resource Rent Tax (PRRT) and how profitable gas companies in Australia pay minimal taxes, leading to a loss of revenue for the government. It highlights the need for reforms to ensure fair taxation and increase government revenue for the benefit of Australian taxpayers.

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