Explainer: The case for reforming how we tax the gas industry
Nurses and teachers pay more tax than the gas industry, but Labor remains unwilling to introduce a 25% tax on gas exports.
Australia is the third largest gas exporter globally, with around 80% of our production sold abroad as liquid natural gas (LNG). Japan, China, South Korea and Taiwan are our biggest export markets.
Historically, the gas industry’s touted economic impact has spared it from proper taxation and environmental regulations…
