Support Grows in Australia for New Gas Tax to Curb War Profits
Political and public support is growing in Australia for a new tax on the gas sector aimed at preventing producers from profiting from the Middle East war. Even some Labor MPs back the proposal, and the government is considering including it in the May budget. The Australian Energy Producers association is actively fighting back against the initiative.
Government, industry and opposition see growing public support for a new gas tax but the industry is fighting backGet our breaking news email, free app or daily news podcastThe gas industry is mobilising in opposition to a potential new tax on the sector as political momentum builds – including among Labor MPs – for the government to use the May budget to prevent producers profiting from the Middle East war.The Australian Energy Producers (AEP) chief executive, Samantha McCulloch, claimed a new tax would punish the same Asian trading partners Australia was leaning on to supply more fuel amid the global energy crisis. Continue reading...