WA Premier Mark McGowan calls on Albanese Government to release plans for gas tax hike, urges a ‘light touch’
Any changes to taxes on offshore gas production should be “relatively light touch” and designed to ensure there is no flow-on effect for domestic consumers, according to Premier Mark McGowan.
The Albanese Government is considering a range of potential tweaks to the Petroleum Resource Rent Tax designed to capture a greater share of the windfall profits enjoyed by oil and gas producers since Russia’s invasion of Ukraine sent energy prices soaring.
Any changes to taxes on offshore gas production should be “relatively light touch” and designed to ensure there is no flow-on effect for domestic consumers, according to Premier Mark McGowan.
The Albanese Government is considering a range of potential tweaks to the Petroleum Resource Rent Tax designed to capture a greater share of the windfall profits enjoyed by oil and gas producers since Russia’s invasion of Ukraine sent energy prices soaring.
