Nigerian government takes more in oil and gas revenue than Australia, analysis shows

Heath Aston
22 November 2016

The governments of Nigeria, Indonesia and Malaysia - Australia's competitors in the oil and gas export sector - extract twice as much tax revenue from petroleum companies as a proportion of production than the federal and state governments combined.

An analysis, based on International Monetary Fund figures and global resource production numbers, found Australia was at the bottom of the pile when it comes to charging multinationals for selling its natural wealth.

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