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Australia already has a UK-style windfall profits tax on gas – but we'll give away tens of billions of dollars unless we fix it soon

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

The really bizarre thing about calls for a UK-style windfall profits tax on gas is that Australia’s already got one.

Gas prices have soared to levels never envisioned in the lead-up to 2015, when three resource giants spent A$80 billion building terminals in Queensland with the potential to export three times the east coast gas Australia had...

Read more: Australia already has a UK-style windfall profits tax on gas – but we'll give away tens of...

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