Sorry Bananalia, but there are no LNG profits to tax

Tuesday, 22 November 2016

From the ABC:

Australia’s current revenue from oil and gas production suggests the nation is “falling far behind” in its ability to capture the benefits of the LNG export boom, according to a new briefing paper from the International Transport Workers’ Federation (ITF).

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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.