Published: December 13, 2018
McKell Institute report proposes royalty to be paid by all offshore gas projects currently only subject to Australia’s PRRT
Offshore gas projects should be subject to a new 10% royalty to further fix the “broken” petroleum resources rent tax, a report has found.
The McKell Institute has released a blueprint for addressing failings in Australia’s taxation of the resources and extractive sectors, which it says allow major multinationals to avoid paying billions in tax.
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