Email your MP: Make gas giant pay
Gas corporations are making billions from Australian gas – while the rest of us pay higher energy bills. The tax designed to make them pay their fair share, the Petroleum Resource Rent Tax (PRRT), is broken – and often they are paying ZERO tax on billions in income.
There's a simple fix, and your MP can demand that it happens this upcoming budget. Replace the broken PRRT with a 25% tax on gas exports, so that when Australian gas is sold overseas, Australians actually benefit.
The good news? The Prime Minister has asked Treasury to look at options for doing exactly that. But to ensure the government follows through, we need every Labor MP in the country to hear from us demanding action.
Send a message to your MP now – and tell them to make gas giants pay.
There's a simple fix, and your MP can demand that it happens this upcoming budget. Replace the broken PRRT with a 25% tax on gas exports, so that when Australian gas is sold overseas, Australians actually benefit.
The good news? The Prime Minister has asked Treasury to look at options for doing exactly that. But to ensure the government follows through, we need every Labor MP in the country to hear from us demanding action.
Send a message to your MP now – and tell them to make gas giants pay.
Australia's gas tax system isn't working.
The Petroleum Resource Rent Tax (PRRT) is supposed to ensure the public gets a return when companies extract and sell our gas. But in reality, it raises very little.
Last year, the PRRT brought in just $1.48 billion.
It might sound like a lot – but corporations exporting Queensland gas alone made $36 billion in a single year – and paid ZERO company tax or PRRT.
And Santos is closing international deals at more than double the market rate from just weeks ago, with a single gas shipment now worth $70 million more than before.
The ATO has described the industry as "systemic non-payers" of tax. Right now, it's not a fair system. It's a rip-off.
The Petroleum Resource Rent Tax (PRRT) is supposed to ensure the public gets a return when companies extract and sell our gas. But in reality, it raises very little.
Last year, the PRRT brought in just $1.48 billion.
It might sound like a lot – but corporations exporting Queensland gas alone made $36 billion in a single year – and paid ZERO company tax or PRRT.
And Santos is closing international deals at more than double the market rate from just weeks ago, with a single gas shipment now worth $70 million more than before.
The ATO has described the industry as "systemic non-payers" of tax. Right now, it's not a fair system. It's a rip-off.
There's a simple fix.
Replace the broken PRRT with a 25% tax on gas exports, so that when Australian gas is sold overseas, Australians actually benefit.
If a system like this had been in place recently, it would have raised tens of billions of dollars in public revenue.
Other countries already do this. Australia is one of the world's biggest gas exporters – but we're getting far less back than comparable nations.
Replace the broken PRRT with a 25% tax on gas exports, so that when Australian gas is sold overseas, Australians actually benefit.
If a system like this had been in place recently, it would have raised tens of billions of dollars in public revenue.
Other countries already do this. Australia is one of the world's biggest gas exporters – but we're getting far less back than comparable nations.