this post was submitted on 13 Aug 2025
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62
Albanese is crying poor, but we’re losing billions a year from untaxed gas (johnmenadue.com)
submitted 3 days ago* (last edited 3 days ago) by HalfEarthMedic@slrpnk.net to c/australia@aussie.zone
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[T] he poor design of the resource rent tax has meant little or no money has been collected. According to Treasury, “to date not a single LNG plant has paid any petroleum resource rent tax and many are not expected to pay any significant amounts until the 2030s.

Nor do the big multinational exporters of gas — including Exxon, Shell and Chevron — seem to pay much company tax. The Australian Taxation Office has labelled the oil and gas industry “systematic non-payers” of tax.

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[–] MisterFrog@aussie.zone 1 points 10 hours ago

I'm just saying, there are options. Quite a decent amount really, by international standards. And some are pretty decent, just none perfect.

I just think the notion that there are no options of political candidates who would tax the oligarchs, isn't true.

You asked what party could you vote for to tax them? I provided them. You said the preferences flow to Labor. And I said, well yeah, that's the way the system works!

I feel like you're shifting the goal posts here.

I do agree with you that things are largely cooked, though, and share your frustration that we don't just grow some balls and tax companies and individuals like we once did.

I too look forward to a future where the people treat the government as their collective will, and not a force to be resisted and mistrusted, so we can get on with improving the material lives of all of us.

Hope this message finds you at the end of a relaxing weekend, if you had the pleasure of having it off work.