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#prrt

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Dharma Dan

Everyone with half a brain knows that Australia effectively gives its petroleum and gas away. Yet more proof; whilst we export records amounts of greenhouse warming fossil gas, the government sees fit to collect 3 times more tax from excise on beer and spirits than it does from the gas majors, who have a free ride to accelerate #globalheating and #climatechange. #prrt theguardian.com/business/grogo

The Guardian · Australia budget 2025: the seven graphs you need to seeBy Greg Jericho
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RaymondPierreL3

@Alpha1Nine
High time Australian govts grew some balls and increased #taxes on the #ExtractiveIndustries by orders of magnitude to return #StateWealth to the tax payers. Other countries have done it successfully so it’s not a political issue. It remains an economic and social issue where, if govts had the gumption, such tax reforms would be a vote winner hands down (in spite of corporate news propaganda and fuming rage from #RobberBarons ).

How is it that our elected officials cannot see this? If they do and still won’t act in ‘our’ interest, it’s time to kick them out of office and exercise an informed and deliberated vote to ensure the next mob of polies does at #Election2025
#auspol #VoteForYourInterest #TaxTheRich #PRRT #Royalties

Public
Mojo ♻️

Norway’s Sovereign Wealth Fund is now valued at almost $340,000 per person, showcasing a robust strategy to support its ageing population.

If Australian policymakers properly taxed our resources, we wouldn't need to worry about federal budget debt. We wouldn't have to rely on #massimmigration to fill budget gaps, passing costs to states and residents.

#Australia needs a smart, sustainable approach—not a #Ponzischeme masked by record population growth.

Unfortunately, the Albanese Government has embraced a “ #BigAustralia ” model, launching one of the world’s largest immigration programs. As a result, Australians will face a crowded, high-rise future in a deteriorating environment.

#BetterNotBigger #auspol #PRRT

macrobusiness.com.au/2023/08/t

MacroBusiness · The Australian way of life faces extinctionWhen Australia’s population was 19.3 million people in 2001, Treasurer Peter Costello issued the first Intergenerational Report (IGR). The 2001 IGR projected that Australia’s population would be 25.7 million in 2050, with yearly net overseas migration (NOM) projected to be 90,000. The following year, in 2002, a Senate Inquiry convened by the Howard Government on
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Tony 💉x8 🇦🇺

The Parliament is currently considering changes to the PRRT (Petroleum Resource Rent Tax), but they do not go far enough.

The fact is the #Australian government collects more money from students paying HECS than it does from gas companies paying the PRRT.

Now is the time to increase the #PRRT and make sure #Australia's gas companies are paying their #fair share of #tax

nb.australiainstitute.org.au/i

The Australia InstituteIncrease the Petroleum Resource Rent TaxThe government collects more money from HECS than it does from the PRRT. Australians are missing out on important revenue for public services while fossil fuel companies make record profits. We need to increase the PRRT #auspol ADD YOUR NAME to the petition >
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