Japanese government taps more benefit from Australian gas than us

SYDNEY MORNING HERALD
Heath Aston
14 March 2017

Japan is collecting more tax revenue from Australian liquefied natural gas than the federal government, heightening concern the public is missing out on the wealth benefits of the gas export boom.

Japan, which is the single-biggest buyer of Australian LNG at 30 million tonnes a year, levies an import tax that will deliver $2.9 billion to its national coffers over the next four years, according to research conducted by the International Transport Workers' Federation, a member of the Tax Justice Network.

Tax Justice spokesman Jason Ward said: "This is a national scandal. As it stands, the Japanese government collects more direct tax on Australian gas than we do. Our five new offshore LNG projects are selling their gas overseas at a premium price when Australia is suffering from a domestic shortage. This needs to change and the public won't stand for our natural resources being given away for free."

> Read more: http://www.smh.com.au/federal-politics/political-news/japanese-government-taps-more-benefit-from-australian-gas-than-us-20170314-guxy4n.html