GAS INDUSTRY – TAXATION – AUSTRALIA

Greens promise tax cuts for all – but not the resource sector

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Original article by Shane Wright
The Age – Page: Online : 28-Oct-26

Australian Greens leader David Shoebridge will use today’s National Press Club speech to call for income tax relief. He will propose increasing the tax-free threshold from $18,200 to $26,000; the cost of the tax cuts would be offset by making changes to resource rent taxes and imposing a tax of 25 per cent on gas exports. Shoebridg will contend that the majority of workers would receive a tax cut of about $1,000 each year, while the new taxes on gas and mining companies would raise some $45bn a year. Shoebridge will also propose increasing welfare payments by $1,000 a year.

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AUSTRALIAN GREENS

PRRT changes may be leverage on One Nation

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Original article by Phillip Coorey, Angela Macdonald-Smith
The Australian Financial Review – Page: 3 : 18-May-18

The Federal Government requires the support of at least one additional Senate crossbencher for its company tax package. Proposed changes to the Petroleum Resources Rent Tax were absent from the May 2018 Budget, and sources have confirmed that this was partially to provide the government with a bargaining tool amid concerns that One Nation may back down on its support for the tax cuts. The changes to the PRRT would only affect future oil and gas projects, but industry players want the reforms to be enacted before the next election in case Labor wins and opts to subject existing projects to the new regime.

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ONE NATION PARTY