Jim Chalmers’ long-awaited tweaks to the PRRT are the itsy-bitsyest “reforms” about, the equivalent of recycling old Christmas presents with a fancy new bow. Michael West reports on how the Treasurer is merely returning a couple of billion in gas sector subsidies, and only for a while.
“Chalmers slaps $2.4bn tax hit on oil and gas,” cried Murdoch’s The Australian. “$2.4bn gas tax hit on energy giants,” declared the AFR. Santos chief Kevin Gallagher was nowhere to be heard with his “Soviet-style” scaremongering. Is Australia still going the way of Venezuela and Nigeria, Kevin?
Source: Fake Reform: Jim Chalmers’ itsy-bitsy tax “hit” is a gift for foreign fossil fuel giants – Michael West