Virtually no tax or royalty paid on two thirds of gas exported from W.A.
Luke Grants speaks with Mark Ogge, Principal Adviser at The Australia Institute’s Climate & Energy Program, regarding their new research that shows virtually no tax or royalty is paid on two thirds of the gas exported from Western Australia.
Liquefied Natural Gas (LNG) worth $27 billion was exported from WA last year, while only $430m went to the State Government, just 1% of state budget revenue. Twice as much is raised from motor vehicle registration.
“Oil and gas companies like Woodside and Chevron are being given this valuable and finite resource virtually for free, making huge profits from its sale, creating few jobs and returning almost nothing to everyday West Australians,” said Mark Ogge, Principal Adviser at The Australia Institute’s Climate & Energy Program.
“Ordinary people paying their car registration fees are contributing more to the WA budget than royalties from oil and gas companies – there’s no doubt West Australians are getting ripped off.
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