Shell Warns Australia: Don't Tax Gas Exporters
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Shell Warns Australia: Dont Impose Windfall Tax on Gas Exporters
Australia, the worlds third-largest LNG seller, is grappling with soaring prices due to the Middle East war. Labor proposes a 25% tax on super profits, but Shells Cecile Wake warns it could deter investors, strain Asian ties, and risk fuel imports. Industry groups stress their significant tax contributions, urging the government to maintain existing rents tax for energy security.
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