Australia’s state and federal governments appear to have won a windfall as oil and gas companies are set to pay $16 billion (US$10.7 billion) in tax.
This comes just weeks before Federal Treasurer Jim Chalmers delivers federal Labor’s second budget.
Australian Gas Companies Set to Pay $16 Billion in Tax, Almost Triple From Previous Year
Safety flares are shown at the Woodside operated North West Shelf Gas Venture in Western Australia, on June 17, 2008. Greg Wood/AFP via Getty Images
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Henry Jom
Author
Henry Jom is a reporter for The Epoch Times, Australia, covering a range of topics, including medicolegal, health, political, and business-related issues. He has a background in the rehabilitation sciences and is currently completing a postgraduate degree in law. Henry can be contacted at [email protected]
