Australia already has a UK-style windfall profits tax on gas – but we'll give away tens of billions of dollars unless we fix it soon
- Written by: Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
The really bizarre thing about calls for a UK-style windfall profits tax on gas is that Australia’s already got one.
Gas prices have soared to levels never envisioned in the lead-up to 2015, when three resource giants spent A$80 billion building terminals in Queensland with the potential to export three times the east coast gas Australia had...
