Australia is missing out on tax revenue from gas projects
- Written by Diane Kraal, Senior Lecturer, Business Law and Taxation Dept, Monash Business School, Monash University, Monash University
Despite huge investment from the liquefied natural gas (LNG) industry, the revenue generated by taxing gas is falling. This is in part because of lower gas prices but it’s also due to the complexity of the tax system, where only eight projects are actually paying the petroleum resource rent tax.
The value of gas projects in Australia sits at...
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