#cuttingcosts — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #cuttingcosts, aggregated by home.social.
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Foreign companies are making billions off Australia’s gas. It’s time that changed
"While the gas is extracted from beneath Australian soils, the profits go almost entirely to large multinational companies. Research suggests gas companies have made roughly $A149 billion from exports in just four years. Only a small percentage of this profit has been taxed."
"That’s why some politicians, think tanks and environmental groups are pushing for a 25% tax on gas exports.For decades, we’ve allowed foreign companies to earn billions of dollars from our gas sector, and to be taxed very little." >>
https://theconversation.com/foreign-companies-are-making-billions-off-australias-gas-its-time-that-changed-281010
#extractivism #OilandGas #FossilFuels #Tax #SubimperialEnforcer #education #austerity #HealthCare #cutbacks #CuttingCosts #Australia #NDIS