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Albanese is crying poor, but we’re losing billions a year from untaxed gas

[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.

11 comments
  • it's unpatriotic and exploitative to not pay tax

    and it's bludging, they are not paying their own way

  • You voted for this... don't cry now!!!

    When are people going to learn that the business of politics in not about the people... it's about staying in power and getting into power. There are no statesmen left in the world.

    • And how should I have voted? Which party would ensure that these entities pay their dues?

      • While not many options, there are some you could have preferenced above Labor. Though, I will grant none are perfect options. Voting further left does put pressure on all parties to adopt more left-leaning policies.

        Christ, when the Tasmanian Liberal party went to the state election proposing a government owned and operated insurance company I was shocked, but very pleased to see.

        What makes me super hopeful about the federal Libs demise is pushing politics further to the left.

        You could preference (opinions based on my vibes)

        1. The Greens Despite being kinda bad at politics, and filled with champaign socialists to some degree, they do broadly support taxing corporations more, to fund more public investment and programs
        2. Victorian Socialists (apparently they are expanding federally for the next election) Probably filled with many idealists who would end up being uncompromising, which would not be great. But the more left wing parliamentarians we have, the further left we drive Australian politics in general
        3. Independent candidates who run on a left leaning platform

        There are a couple of other minor parties with vaguely left wing platforms.

        All one need do though, in my opinion, is preference all the right wing parties below the others.

        I don't like the Greens, because there's no perfect political party, and it's run undemocratically, top-down, but I still recommend voting for them above Labor because it lights a fire under Labor's arse, and maybe, eventually, they'll get rid of thr Labor Right faction which is a stupid oxymoron*.

        Victorian (Australian?) Socialists have a much more democratic party constitution, for what it's worth.

        *(I am not super well-versed with the Labor factional system because I'm not a member of any political party)

    • You voted for this… don’t cry now!!!

      What would I be crying about? Besides the massive NDIS rorting that went on unchecked for a decade, things are pretty alright from my pov

      I just wish they'd stfu up about gaza when the Battle for Pokrovsk is getting incredibly close :(

      • One of our local candidates was exposed as a NDIS fraud leading up to the election. He didn’t get in, but that electorate had always been a safe Labor seat.

        Even after the exposé, his party still decided to run with him because the didn’t have anyone more honest that they could put up

11 comments