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POLICY

Australian oil and gas inquiry report slams tax program

THE federal economics references committee has this week published its report into Australia's oil and gas sector following an extensive inquiry; recommending the Australian government review disparities between tax revenues and gross petroleum export earnings.

Jonathon Davidson
File photo: Australian currency

File photo: Australian currency

Petroleum lobby body APPEA advised the committee that oil and gas projects have contributed some A$155 billion to public revenue across a thirty two year period between 1987 and 2019. However, petroleum...

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