We pay more beer tax than gas companies

[nut]

We don’t need more Gas!!!!! Renewables and electrification are destroying gas demand.

Election Watch: The grid doesn't need more gas to go clean; beer drinkers to pay more tax than gas

Politicians claim we need to dig up more gas to run a clean power grid. It ain't true.

reneweconomy.com.au

 

[mrherman]

We don’t need more Gas!!!!! Renewables and electrification are destroying gas demand.

Election Watch: The grid doesn't need more gas to go clean; beer drinkers to pay more tax than gas

Politicians claim we need to dig up more gas to run a clean power grid. It ain't true.

reneweconomy.com.au

Welcome to globalism and foreign investment. How do you tax that?

 

[nut]

Welcome to globalism and foreign investment. How do you tax that?

Sounds like you think it can’t be done… Here’s the blue print … although we don’t have the protection of NATO, so you are probably right, we probably can’t do it with out some democracy bombs from the US.

 

[mrherman]

Sounds like you think it can’t be done… Here’s the blue print … although we don’t have the protection of NATO, so you are probably right, we probably can’t do it with out some democracy bombs from the US.

I’m sure it can be, but will take some renegotiation but doubt it ever will. Our governments are duds and corrupt cowards

 

[nut]

I’m sure it can be, but will take some renegotiation but doubt it ever will. Our governments are duds and corrupt cowards

Are you too young to remember the “mining tax” ….

 

[mrherman]

Are you too young to remember the “mining tax” ….

How did that pan ou! A dud companies created off shore bank accounts and accountants got creative.

We large taxation reform and stop whoring the country out to the world

https://www.news.com.au/finance/julia-gillard-rejects-changes-to-mining-tax-after-stunted-revenue/news-story/ca5da950afe396572b93734d758aa0c9

 

[nut]

How did that pan ou! A dud companies created off shore bank accounts and accountants got creative.

We large taxation reform and stop whoring the country out to the world

https://www.news.com.au/finance/julia-gillard-rejects-changes-to-mining-tax-after-stunted-revenue/news-story/ca5da950afe396572b93734d758aa0c9

Clearly We need more education spending… your post makes no sense.

 

[The Sultan]

Sounds like you think it can’t be done… Here’s the blue print … although we don’t have the protection of NATO, so you are probably right, we probably can’t do it with out some democracy bombs from the US.

Too long didnt watch ... what are the cliff notes.

 

[QuietB]

Welcome to globalism and foreign investment. How do you tax that?

Ask these guys

 

[nut]

Too long didnt watch ... what are the cliff notes.

Resource countries end up poor due to Dutch disease … ie.. the benefits gets lost in higher wages that push prices up. It increases inequality.

Having 78% tax on resources didn’t stop private companies coming and investing.
Using the income from taxes and sales they built a fund that governments couldn’t touch.
They diversified their investments to outside Norway.
They buy equities when they fall and buy bonds when they rise.
The government can only use 4% of the income from the fund… insuring that the fund continues to grow.

 

[nut]

Australia’s total tax revenue in 202-23 was $755.8 billion.

Norway’s fund made 380 billion AUD LAST YEAR…

 

[Johnny Bananas]

Well of course, I didn't think gas companies paid a lot of beer tax.

Oh, you mean general taxes on beer vs general taxes on gas companies.

 

[pugsville]

Most of the gas exported from Australia is free of royalties

Gas exports: 56% given to corporations royalty-free

Australia Institute research has found that 56% of gas exported from Australia attracts zero royalty payments, effectively giving a public resource to multinational gas corporations for free.

australiainstitute.org.au

 

[Seeds]

I dont want gas companies paying any tax. I simply want gas banned full stop. Cant pay tax if you arent allowed to exist.

Renewables, batteries and green hydrogen is where our energy should come from.

 

[mrherman]

Ask these guys

government owned companies?
Australia does have a future fund/sovereign wealth fund with roughly 230 billion in it, infact many countries do and we are 10th on the lost of largest funds, you can read up on it below.
we just down own large chunks of companies to reap the profits, many countries not just Norway have wealth funds, Norway government owns a 67% share in Equinor, Germany 30% of VW

in the late 80s after Hawke floated the dollar in 83 Keating changed the legislation and started the sell of state owned assets, CBA, Qantas, CLS etc and Howard and every other leader as continued it, governments have floated whole companies instead of just releasing parts of the companies. most of the ASX is foreign owned including the minors BHP & Rio being 94% plus and the banks & Woolworth similar. governments should be buying in to them especially iron ore companies are they are an extremely lucrative business once you get passed the expensive start up costs

List of sovereign wealth funds by country - Wikipedia

en.wikipedia.org

Future Fund | Home

Home

www.futurefund.gov.au

 

[Sphynx]

government owned companies?
Australia does have a future fund/sovereign wealth fund with roughly 230 billion in it, infact many countries do and we are 10th on the lost of largest funds, you can read up on it below.
we just down own large chunks of companies to reap the profits, many countries not just Norway have wealth funds, Norway government owns a 67% share in Equinor, Germany 30% of VW

in the late 80s after Hawke floated the dollar in 83 Keating changed the legislation and started the sell of state owned assets, CBA, Qantas, CLS etc and Howard and every other leader as continued it, governments have floated whole companies instead of just releasing parts of the companies. most of the ASX is foreign owned including the minors BHP & Rio being 94% plus and the banks & Woolworth similar. governments should be buying in to them especially iron ore companies are they are an extremely lucrative business once you get passed the expensive start up costs

List of sovereign wealth funds by country - Wikipedia

en.wikipedia.org

Future Fund | Home

Home

www.futurefund.gov.au

You won't get many supporters here mate, John Howard is apparently the only privatizer to ever lead this country.

The sovereign fund should be used to buy back parts of the gas and mining industries.

It should be used to re-nationalise and expand the oil industry and re-open bass straight and the great australia bite fields.

It should be used to invest in downstream processing plants of rare earths and lithium.

It should be used to invest in undersea mining technology and undersea rare earth mining and refining.

It should be used to invest in geological mapping infrastructure.



I laughed at media reports saying that China have been mapping our coast for undersea cables etc.

It's mining.


Just like the South China Sea is all oil and gas.

There's about 70% of the USA's entire historical oil reserves in the SCS and 150% of Australia's historical gas reserves.

Enough to power even a top 15 economic power for decades.

 

[mrherman]

You won't get many supporters here mate, John Howard is apparently the only privatizer to ever lead this country.

The sovereign fund should be used to buy back parts of the gas and mining industries.

It should be used to re-nationalise and expand the oil industry and re-open bass straight and the great australia bite fields.

It should be used to invest in downstream processing plants of rare earths and lithium.

It should be used to invest in undersea mining technology and undersea rare earth mining and refining.

It should be used to invest in geological mapping infrastructure.



I laughed at media reports saying that China have been mapping our coast for undersea cables etc.

It's mining.


Just like the South China Sea is all oil and gas.

There's about 70% of the USA's entire historical oil reserves in the SCS and 150% of Australia's historical gas reserves.

Enough to power even a top 15 economic power for decades.

i picked up on that nice any early

oil will never go out of fashion as its the most valuable and used commodity in the world, its used in plastics, clothing to name a few things,

you cant fully nationalise anything in here in Australia, has there ever been a government project finished on time or on budget, the Snowy 2.0 and some of the Melbourne tunnels to mention a few things & they are being run by private companies

the Banks, Oil and gas companies doing seem to have troubles turning billions on billions of dollar profits , just keep buying shares of ownership in them, or is there is anything left in Australia that we still own that will be sold off why not keep some ownership of them. owning 10 or 20% of each of the top 4 banks and mining companies will go a long way

using coal and gas in locally seems to be something that upsets many people yet its fine to dig it up and export it. countries like China, India, Japan, Qatar, UAE etc must be in stitches with the hypocrisy of the circus that we have become

 

[nut]

Depressing

 

[The Punter]

Why would gas companies pay beer tax?

Let the beers pay the beer tax. I pay the punter tax.