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OPERATIONS

Morrison backs off PRRT changes

THERE won't be any major overhaul of Australia’s Petroleum Resource Rent Tax, despite the design of the tax meaning most big oil companies will may little or no tax for at least a decade.

Haydn Black
Morrison backs off PRRT changes

The report, prepared for Treasury by Mike Callaghan, was ordered after the PRRT take halved to $800 million over the past four years, even as Australian gas production soared.    AUSTRALIAN Treasurer...

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