Australia Considers Gas Tax Amid Soaring Prices
Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Amid soaring energy prices due to Middle East conflict, Australias federal government considers new taxes on gas company profits. Energy Minister Chris Bowen leaves the door open for a windfall tax in the upcoming budget, while Greens leader Larissa Waters pushes for a 25% levy and an independent lawmaker advocates for a 50% tax. Treasurer Jim Chalmers will decide on any changes by the May budget, prioritizing tax collection efficiency amid global shocks.
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