Pressure to fix gas tax raising less revenue than beer

Pressure to fix gas tax raising less revenue than beer

Senator David Pocock will ramp up pressure on the government to re-examine a fossil fuels tax that raises less money than beer thanks to a "fatal mistake".

Pocock proposes Senate inquiry into gas export tax

ACT Independent Senator David Pocock has tabled a motion proposing to establish a special senate committee to inquire into what he calls the “extraordinarily low” amount of Petroleum Resource Rent Tax (PRRT) paid by gas companies on LNG exports. Proposed as the “Select Committee on Why Gas Companies Pay Less for Offshore Liquid Natural Gas than Australians Pay in Beer Excise”, the inquiry would examine the amount of Petroleum Resource Rent Tax (…