The government could be boosting the budget bottom line with a change to how it taxes gas
- Written by Diane Kraal, Senior Lecturer, Business Law and Taxation Dept, Monash Business School, Monash University
Resources usually give the budget a healthy boost in economic boom times but the government could be reaping more revenue if it changed the way it taxes gas projects, my new modelling shows.
A small change in the method for valuing gas would increase revenue from the petroleum resource rent tax by US$15.5 billion to 2030, compared to the current...
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