Former minister Craig Emerson urges inquiry into LNG tax revenue hole

Heath Aston
21 November 2016

One of the architects of Australia's tax system on natural resources, Craig Emerson, has backed calls for a parliamentary inquiry into why the boom in liquefied natural gas exports is failing to deliver any meaningful contribution to the public purse.

Mr Emerson – who designed the petroleum resource rent tax with economist Ross Garnaut in the Hawke government – believes particular scrutiny should be given to extra concessions won by the oil and gas sector since the tax was first imposed on offshore projects in the mid-1980s.

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