Report

Submission to the Petroleum Resource Rent Tax Review

 Submission to the Petroleum Resource Rent Tax Review

TAX JUSTICE NETWORK

This submission will focus on the offshore gas projects which are only subject to the PRRT. The submission will briefly examine the promises of government revenues, outline the key failures of the PRRT system and propose a new royalty regime to ensure that Australians receive some benefit for their natural resources, and that the oil and gas industry competes on a level playing field. While further economic modelling is underway, we believe that this proposal could generate $4 to $6 billion over the forward estimate.

Chevron's Tax Schemes: Piping Profits out of Australia?

Chevron's Tax Schemes: Piping Profits out of Australia?

ITF & TAX JUSTICE NETWORK AUSTRALIA

As the world’s largest LNG project prepares to flow, billions of future tax revenues are at stake in Australia. Chevron’s complex business structure, involving subsidiaries in Bermuda, Singapore and Delaware,  facilitates aggressive tax avoidance in Australia.