Punters politics 25% on gas exports

[nut]

He should start a political party

Punters Politics…. Share and donate.

 

[nut]

Is Australia this weak? That we can demand countries pay for our resources????
Are we Venezuela with out the coup??

344K views · 11K reactions | “The idea that unless we export even more, that they might do harm to us is an insult and an outrage and it shows how little Australia has got out of this.” – Dr Richard Denniss, co-CEO of The Australia Institute. Gas e

“The idea that unless we export even more, that they might do harm to us is an insult and an outrage and it shows how little Australia has got out of this.” – Dr Richard Denniss, co-CEO of The...

www.facebook.com

 

[nut]

Labor under internal pressure on gas tax as influencer says government ‘stopped working for the punters’

Party’s environment action network tells parliamentary inquiry into gas export tax to consider ‘very substantial’ levy on windfall profits

www.theguardian.com

 

[1990crow]

Labor under internal pressure on gas tax as influencer says government ‘stopped working for the punters’

Party’s environment action network tells parliamentary inquiry into gas export tax to consider ‘very substantial’ levy on windfall profits

www.theguardian.com

Narraror: it was in fact, not happening

 

[nut]

Narraror: it was in fact, not happening

It is happening ….. we will get a tax on gas.
The next step is to make sure we do something positive with the revenue…. A sovereign fund would be the best outcome. A fund governments can’t touch.

 

[nut]

The Japanese government raise more tax from our gas than we do!!!!!! FFS

 

[1990crow]

It is happening ….. we will get a tax on gas.
The next step is to make sure we do something positive with the revenue…. A sovereign fund would be the best outcome. A fund governments can’t touch.

Labor don't want to piss off Japan because we need oil. They're not going to do it anytime soon.

 

[Saint]

Labor don't want to piss off Japan because we need oil. They're not going to do it anytime soon.

WTF has pissing off Japan got to do with our oil supply? Japan's oil supply is for them, not for us.

People will draw some extraordinarily long bows to avoid a gas tax.


Ken Henry was very detailed about it yesterday.

The Point are doing a very good live commentary of the Gas Tax. Today, it's mostly the Gas companies media liaisons telling them talking points and avoiding answering questions.

The Point Live: Business and gas companies have their say on gas tax proposals.

Representatives from the Business Council, Shell and ConocoPhillips are among those fronting the gas tax senate inquiry today, while the health minister lays out proposed changes to the NDIS.

live.thepoint.com.au

 

[1990crow]

WTF has pissing off Japan got to do with our oil supply? Japan's oil supply is for them, not for us.

People will draw some extraordinarily long bows to avoid a gas tax.


Ken Henry was very detailed about it yesterday.

The Point are doing a very good live commentary of the Gas Tax. Today, it's mostly the Gas companies media liaisons telling them talking points and avoiding answering questions.

The Point Live: Business and gas companies have their say on gas tax proposals.

Representatives from the Business Council, Shell and ConocoPhillips are among those fronting the gas tax senate inquiry today, while the health minister lays out proposed changes to the NDIS.

live.thepoint.com.au

I don't support it, but that seems to be the justification that's coming out.

 

[nut]

FMD…

32K views · 1.8K reactions | The Shell Australia Country Chair just told the Senate committee that 6 or 7 gas companies have contributed $1 million each to fund a huge campaign against a gas export tax 🤯 and smaller companies have also contributed.

The Shell Australia Country Chair just told the Senate committee that 6 or 7 gas companies have contributed $1 million each to fund a huge campaign against a gas export tax 🤯 and smaller companies...

www.facebook.com

 

[AlwaysHawks15]

This guy is great, very consistent messaging and brings receipts so he can explain his position correctly.

 

[nut]

 

[Scotland]

It doesn't really matter if a 25% tax is introduced or not because it will be so complicated that will end up applying to a fraction of the intended target, which is what the current PRRT does, which is why we are in this mess to begin with. Chevron could sell $100b worth of gas and it the tax rate applies to a tiny portion of that revenue it may as well be 100%.

It really should not be that complicated whether it's minerals or gas or any other non renewable resource. You pay us (the people/govt/crown) $x per tonne or litre or ounce or whatever it is for the right to extract, process etc. the thing you want to sell. You make a profit doing so here you pay corporate tax here. Resources in the ground are an asset not a revenue stream. Someone has to actually do the work to turn them into a product to be sold.

Iron ore royalty rate is 7.5%. Iron ore price is around $130-140/t. IMO the WA govt getting $10 for every tonne of iron ore sold for doing absolutely nothing and the federal govt getting 30% of profits generated by BHP, Rio etc. isn't egregious. But what does that 7.5% really apply to, and what does their taxable income really look like compared to their revenue?

Make. The. System. Simple. And. Transparent.

The whole thing is silly anyway. The counter argument to any tax like this is always "investment will be impacted". Which has some merit, but Chevron and Woodside and Shell aren't walking away from projects they have invested tens of billions into and aren't fossil fuels the enemy anyway? Is the federal govt going to make decisions based on protecting future investment into an industry we are supposedly trying to get away from?

The Japanese government raise more tax from our gas than we do!!!!!! FFS

I don't know why people think this is relevant. A $100k Toyota LandCruiser is over $130k thanks to govt taxes.

How much do the Japanese govt make out of every LandCruiser produced? No idea, but let's not pretend our govt did anything to warrant collecting $25-30k in taxes.

 

[RedOrWhite]

If the energy and lack of gas companies paying tax demonstrates anything, our natural resources need to be nationalised!

 

[nut]

M

It doesn't really matter if a 25% tax is introduced or not because it will be so complicated that will end up applying to a fraction of the intended target, which is what the current PRRT does, which is why we are in this mess to begin with. Chevron could sell $100b worth of gas and it the tax rate applies to a tiny portion of that revenue it may as well be 100%.

It really should not be that complicated whether it's minerals or gas or any other non renewable resource. You pay us (the people/govt/crown) $x per tonne or litre or ounce or whatever it is for the right to extract, process etc. the thing you want to sell. You make a profit doing so here you pay corporate tax here. Resources in the ground are an asset not a revenue stream. Someone has to actually do the work to turn them into a product to be sold.

Iron ore royalty rate is 7.5%. Iron ore price is around $130-140/t. IMO the WA govt getting $10 for every tonne of iron ore sold for doing absolutely nothing and the federal govt getting 30% of profits generated by BHP, Rio etc. isn't egregious. But what does that 7.5% really apply to, and what does their taxable income really look like compared to their revenue?

Make. The. System. Simple. And. Transparent.

The whole thing is silly anyway. The counter argument to any tax like this is always "investment will be impacted". Which has some merit, but Chevron and Woodside and Shell aren't walking away from projects they have invested tens of billions into and aren't fossil fuels the enemy anyway? Is the federal govt going to make decisions based on protecting future investment into an industry we are supposedly trying to get away from?



I don't know why people think this is relevant. A $100k Toyota LandCruiser is over $130k thanks to govt taxes.

How much do the Japanese govt make out of every LandCruiser produced? No idea, but let's not pretend our govt did anything to warrant collecting $25-30k in taxes.

7.5% that’s cute

All investments | Norges Bank Investment Management

Search in all of the fund's investments by country, asset class and sector. The information is available for every year since our first investment in 1998.

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[Not Important]

except, many others are pushing for the tax too. senator pocock, the greens, and independents like monique ryan.

https://thepoint.com.au/news/260422-we-are-being-sold-out-konrad-benjamin-criticises-government-inaction-on-gas-tax-reform

 

[Seeds]

If the energy and lack of gas companies paying tax demonstrates anything, our natural resources need to be nationalised!

Or we could just tax them or impose domestic quotas.

Do you seriously want tax money going to gas exploration?

Especially when we are trying to cut emissions.

 

[RedOrWhite]

Or we could just tax them or impose domestic quotas.

Do you seriously want tax money going to gas exploration?

Especially when we are trying to cut emissions.

Ideally no, but Albo's shown his hand on refusing to tax them, and the Liberals and ON won't.

And you criticise the Greens constantly who's policy is to tax them.

 

[krakouers]

Not really related but not sure where it should be, only just getting these on TV:

Cap the diesel tax handouts

While families are cutting back, the largest companies in mining receive $3 billion a year in diesel tax handouts. Add your name to support capping the diesel tax handout.

dieseltaxhandout.com.au

 

[RedOrWhite]

Not really related but not sure where it should be, only just getting these on TV:

Cap the diesel tax handouts

While families are cutting back, the largest companies in mining receive $3 billion a year in diesel tax handouts. Add your name to support capping the diesel tax handout.

dieseltaxhandout.com.au

Nice spot

It makes a good point, as we in effect already have tax payer money indirectly going to start new gas pipelines with all the tax write offs and tens of billions of annual Govt subsidies to gas companies.

 

[nut]

we are getting ripped off …. Pack of thieves….

 

[nut]

Well done Australia …

we are giving away our gas and subsiding the world….. Australian Values???

 

[Achy Blakey Heart]

This guy is great, very consistent messaging and brings receipts so he can explain his position correctly.

Love how he is completely non partisan. Hard to find these days with click baiters like jordies...