#gasexporttax — Public Fediverse posts

Indeed, how can this be? The answer is simple: Because #AlboPM wishes it so… Why? Well, that’s a whole other question isn’t it?

“The Japanese Government raises $8 billion per year from its Petroleum and Coal Tax, including around $710 million from imports of Australian gas.

By contrast, the Australian Government is currently getting around $420 million per year from gas exporters paying Petroleum Resource Rent Tax (PRRT). Prior to 2023, it was receiving zero. Nada. Nothing.

In other words, the Australian Government is getting less money from our gas exports than Japan is.

State and territory governments also raise money from gas, especially Queensland which expects to get $1.2 billion this financial year (page 64) from its onshore deposits.

But most of Australia’s gas exports come from massive offshore deposits owned by the Federal Government. This means that even though far more federally owned gas is exported, Queensland’s government (like Japan’s!) raises more money.

How can this be?”

Read more
https://thepoint.com.au/explainers/260508-how-the-japanese-government-taxes-australian-gas

#GasExportTax #AusPol #Japan #QLD #PRRT #Budget2026

@gusseting
Yes it does and truly shows us a model to emulate. Prob is for Australia to emulate the Danes, the govt would need to be a shareholder with a controling interest (51%+) and there is little appetive for such an investment in any current political party/groups or even independent. But legislating a #GasExportTax is fully within the govt’s remit. And there the problem is with our politicians’ adherence to the flawed #NeoLiberalism that favours unfetted capitalism and deregulated markets.

Change our govt with no major parties able to govt without #Greens and #Indies and we’d have a real shot at this…

GAS EXPORT TAX STANDOFF: ALBANESE SHIELDS EXISTING DEALS

Will Australia tax existing gas exports in May 2026? PM Albanese confirms no new levy to protect international trade deals and keep investor trust.

#australiagas, #albanese, #gasexporttax, #budget2026, #energypolicy

https://newsletter.tf/no-new-gas-export-tax-may-2026/

Prime Minister Albanese has ruled out a new tax on current gas export deals. This decision helps keep trade relations stable compared to recent calls for higher taxes.

#australiagas, #albanese, #gasexporttax, #budget2026, #energypolicy
https://newsletter.tf/no-new-gas-export-tax-may-2026/

also and #justsayin 😒 #gasExportTax #gaslighting

"#Japan on-sells almost twice as much gas as Australians consume - Gas companies argue that a 25% gas export tax would threaten Japan’s #energy supply - but that is nonsense."

https://thepoint.com.au/off-the-charts/260424-japan-on-sells-almost-twice-as-much-lng-as-australians-consume #energymastodon #australianGas

hear it from the horses mouth #albo :blobcatglare: #gasExportTax

"Former Treasury Ken Henry and architect of the ill-fated Resource Super Profits Tax said Australia could have collected "hundreds of billions of dollars of extra revenue" if our natural resources had been taxed appropriately."

https://www.abc.net.au/news/2026-04-26/ken-henry-tells-inquiry-to-tax-australia-gas-industry-more/106591686

@falcennial also and just for good measures - #gasexportTax will not drive up that magic elusive creature called #inflation https://thepoint.com.au/factchecks/260324-factcheck-will-a-25-gas-export-tax-cause-higher-inflation-no-it-will-actually-lower-inflation

Australia has absolute stonks of gas. We're exporting 83% of it as LNG while households and manufacturers get screwed by sky-high prices linked to the global market.
Gas industry: 'A 25% export tax will cause shortages, job losses, and hurt Aussies!'
Reality: We've got enough for domestic needs till 2050. This is just greedy exporters protecting their record profits while paying peanuts in tax. Norway and Qatar tax the hell out of theirs and the industry thrives.
Time to stop being played for fools. Tax the exports, give Australians a fair return on our resources. 91% of readers agree — poll after poll shows it.
Big Gas can cry all they want. The gas belongs to us, not their overseas shareholders.

#GasExportTax #FairReturn #gas #gastax #gastaxnow #fossilfuel

https://www.thenewdaily.com.au/opinion/2026/03/25/gas-tax-reality#google_vignette