The effective amount of Petroleum Resource Rent Tax collected by the Australian government as a share of oil & gas revenues has collapsed, as we point out in our submission to the Treasury. #Auspol #Auspol2024
https://climateanalytics.org/publications/submission-to-the-australian-treasury-consultation-on-the-petroleum-resource-rent-tax
https://climateanalytics.org/publications/submission-to-the-australian-treasury-consultation-on-the-petroleum-resource-rent-tax
Comments
If Australia had taxed its oil and gas industry at the same rate as Norway 2011-2020, it would have received over 4 x as much revenue.
Read our submission:
https://climateanalytics.org/publications/submission-to-the-australian-treasury-consultation-on-the-petroleum-resource-rent-tax