Gas Tax Debate: Balancing Investor Confidence & Public Benefits
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
International Energy Agency warns Australia against sudden tax hikes on energy companies, as PMs team studies impact of proposed 25% levy on gas export profits. Greens and independents push for levy, while gas industry warns of economic growth and energy supply threats. Treasurer insists no tax policy shifted yet, but emphasizes fair cut for Australians from their resources. Labor senator endorses going further, citing producers generous terms amid sky-high prices. Budget talks heat up as push for fairer gas taxes highlights balance between investor confidence and public benefits.
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