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Is Australia receiving a fair return from its liquefied natural gas exports, and should multinational gas companies pay more tax?
In this short Australia Asks interview clip, Dr Gordon Reid MP discusses LNG exports, resource taxation and the relationship between Australia’s abundant gas reserves, government revenue and domestic energy prices.
The discussion explores:
- Taxation of LNG and gas companies
- Australia’s natural gas exports
- The Petroleum Resource Rent Tax
- Whether Australians receive a fair return for publicly owned resources
- Multinational energy companies and corporate tax
- Gas royalties and government revenue
- Domestic gas prices and energy affordability
- LNG exports and Australia’s energy security
- Resource-sector profits
- The effect of energy costs on households and businesses
- Balancing investment, taxation and the national interest
Australia is one of the world’s major LNG exporters, yet questions remain about how much revenue governments collect from the industry and why Australian households can face high domestic gas prices.
Dr Gordon Reid is a medical doctor and the Federal Labor Member for Robertson on the NSW Central Coast.
Does Australia tax LNG companies fairly? Should more gas be reserved for domestic consumers, or would that discourage investment in the industry? Share your opinion in the comments.
Craig Hill is a Brisbane-based author, journalist, teacher, business consultant and social justice campaigner. He is the General Manager of the Australian Book and Language Studio.
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