Chevron is just the start: modelling shows how many billions in revenue the government is missing out on
- Written by Roman Lanis, Associate Professor, Accounting, University of Technology Sydney
The federal government could collect billions more in royalties and tax revenue if it changed the rules on debt loading and adopted alternative royalty schemes in dealing with oil and gas giants, new modelling shows.
Our modelling, funded by lobby group GetUp, found that over the four-year period from 2012 to 2015, Chevron’s average effective...