#resourcetax — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #resourcetax, aggregated by home.social.
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Independent voices like Allegra Spender are actually putting serious tax reform on the table.
Shifting the burden off wages and onto wealth, tackling CGT discounts, negative gearing, and tax loopholes it’s the kind of thinking Australia has needed for years. 
Real leadership is calling out a system that punishes work and rewards passive wealth and offering a fairer path forward.More of this please.
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Australia taxes work harder than wealth and it shows. If you earn a wage, you’re slugged more than someone pulling the same income from assets. In a country that prides itself on a fair go, that’s hard to justify.
It’s time to rebalance the system so younger Australians actually have a shot at building wealth and security not just those who already have it.If you agree, tell your MP:
#taxreformnow #auspol #gas #resourcetax
https://www.taxreformnow.com.au -
How stupid is the Australian government? THIS stupid!
#Australia #AnthonyAlbanese #resourcetax #PRRT #FossilFools #globalwarming #climateemergency #environment
https://thepoint.com.au/explainers/260323-the-case-for-a-gas-export-tax-explained -
How stupid is the Australian government? THIS stupid!
#Australia #AnthonyAlbanese #resourcetax #PRRT #FossilFools #globalwarming #climateemergency #environment
https://thepoint.com.au/explainers/260323-the-case-for-a-gas-export-tax-explained -
How stupid is the Australian government? THIS stupid!
#Australia #AnthonyAlbanese #resourcetax #PRRT #FossilFools #globalwarming #climateemergency #environment
https://thepoint.com.au/explainers/260323-the-case-for-a-gas-export-tax-explained -
How stupid is the Australian government? THIS stupid!
#Australia #AnthonyAlbanese #resourcetax #PRRT #FossilFools #globalwarming #climateemergency #environment
https://thepoint.com.au/explainers/260323-the-case-for-a-gas-export-tax-explained -
How stupid is the Australian government? THIS stupid!
#Australia #AnthonyAlbanese #resourcetax #PRRT #FossilFools #globalwarming #climateemergency #environment
https://thepoint.com.au/explainers/260323-the-case-for-a-gas-export-tax-explained -
@ApaulD Absolutely infuriating. While Norway built a $350B sovereign wealth fund by taxing gas at 78%, we let Inpex extract $36 billion in revenue and pay basically nothing. They literally admitted to "optimising" tax through corporate restructuring—ie, deliberately dodging obligations—while we subsidised their infrastructure with billions in public money.
This is extractive capitalism at its worst: socialise the risk and costs, privatise the profits, export the resources that belong to all of us, and leave Australians with crumbs. The PRRT is a complete joke—no gas company has ever paid it on exported gas.
We desperately need a resource super profits tax modeled on Norway, not this neoliberal giveaway to foreign multinationals.#auspol #taxjustice #corporategreed #gascartel #extractivecapitalism #prrt #inpex #norway #resourcetax #australia #multinationaltax #anticapitalism
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If Australia had implemented a resource tax regime similar to Norway’s — particularly Norway’s sovereign wealth fund model built on high taxes and royalties from oil and gas — the country would likely be substantially wealthier and more economically resilient today. Here’s a breakdown of the key differences and what Australia might look like under such a model:
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What Norway Did Right
Norway’s approach to resource wealth is often cited as world-leading. Key features include:
1. High Resource Rent Tax: Norway imposes a 78% effective tax on oil company profits (including corporate tax and a special petroleum tax).
2. Sovereign Wealth Fund (The Government Pension Fund Global):
• Started in the 1990s.
• Now worth over US$1.6 trillion.
• Invests globally for long-term returns.
• Explicitly designed to benefit current and future generations.
3. Strict Regulation & Transparency: The system is managed transparently, with strong public oversight and limited corruption.#australia #norway #resourcetax #sovereignwealthfund #oilandgas #economicresilience #wealthmanagement #resourcerenttax #governmentpensionfund #transparency #publicoversight #longterminvestment #economicpolicy #resourcewealth #taxreform