Multinational oil and gas giants paying no petroleum resource rent tax

SYDNEY MORNING HERALD
Heath Aston
17 December 2015

Some of the biggest multinational petrol and gas companies operating in Australia – including Shell and Chevron – notched sales of nearly $30 billion last year but did not pay a cent in petroleum resource rent tax.

Introduced by the Keating government, the tax was designed to share profits from Australia's oil and gas wealth with the public.

Data released for the first time by the Australian Tax Office on Thursday showed the oil and gas sector as a whole paid $1.7 billion in PRRT in 2013-14.

BHP Billiton was the biggest contributor, paying $970 million from three of its petroleum divisions. Esso Australia paid $540 million and Woodside Energy $85 million.

But other players in the petrol and liquefied natural gas markets - Shell and Chevron - paid no PRRT in 2013-14.

> Read more: http://www.smh.com.au/business/the-economy/multinational-oil-and-gas-giants-paying-no-petroleum-resource-rent-tax-20151217-glpusi.html