Corporate Media FINALLY Admits Australia's Getting Ripped off by Gas Companies
THE TLDR: A major Sydney Morning Herald opinion piece has finally acknowledged what we've long reported: multinational gas corporations are systemically avoiding paying taxes and royalties on Australia's natural resources, with over half of our $265 billion in gas exports over four years receiving nothing in payment. This mainstream validation is a huge win for public pressure and shifts the crucial tax reform conversation toward making these foreign companies pay their fair share, so we can fund essential services instead of leaving billions on the table.
KEY FACTS:
1️⃣ Mainstream media has finally caught on, with the Sydney Morning Herald confirming that Australia is losing billions from a gas industry that is a known "systemic non-payer of tax," validating the years of advocacy from independent outlets and think tanks.
2️⃣ The core of the issue is a massive failure of policy, where a poorly designed Petroleum Resource Rent Tax (PRRT) has allowed multinational companies to export our finite resources - which are owned by the public - without paying a fair share in royalties, depriving Australia of vital revenue.
3️⃣ This creates a direct opportunity to fund a better society; the billions lost in unpaid taxes and royalties could otherwise be invested in fully funding essential public services like healthcare, aged care, and dental care under Medicare, without placing a greater tax burden on everyday Australians.
Delve deeper with our Punter Citations:
The Sydney Morning Herald - Albanese is crying poor, but we're losing billions a year from untaxed gas
|
