Australian budget Australian LNG Commodities

Gas tax cometh

Thursday, 16 February 2017

More sanity today from Do-nothing Malcolm. Via the AFR:

Speculation is rife in Canberra that the federal government might contemplate some form of federal royalty regime, or other changes to resources taxation, as the need to fill a yawning hole in the budget intensifies.

Mining industry representatives are thick on the ground in Parliament House this week to lobby MPs and ministers as a review of the petroleum resource rent tax nears completion, ahead of the federal budget in May.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.