Fears Australia losing billions in liquefied natural gas tax sparks calls for inquiry

Gareth Hutchens
11 October 2016

Australia is set to blow another resources boom, forgoing billions of dollars in potential tax revenue, because its tax regime is failing to collect adequate revenue from the explosion in liquefied natural gas exports, according to a new analysis.

The Turnbull government and Labor are now being lobbied to set up a parliamentary inquiry to investigate why the petroleum resource rent tax (PRRT) is collecting so little revenue.

> Read more: https://www.theguardian.com/australia-news/2016/oct/11/fears-australia-losing-billions-in-liquefied-natural-gas-tax-sparks-calls-for-inquiry