Anthony Albanese rules out gas export tax on existing contracts and criticises ‘populist’ campaign
Prime Minister Anthony Albanese has ruled out a new tax on existing gas export contracts in the upcoming federal budget. He criticized the campaign for a gas export tax as populist and emphasized the importance of maintaining partnerships with Asian trading partners during a global fuel crisis. Albanese also defended the current petroleum resource rent tax, stating that it is designed to increase revenue over time.
- ▪Albanese confirmed that the federal budget will not include a new tax on existing gas export contracts.
- ▪He criticized the campaign for a 25% export tax, linking gas exports to Australia's fuel security.
- ▪The prime minister emphasized the importance of maintaining partnerships with Asian trading partners during the global energy crisis.
Opening excerpt (first ~120 words) tap to expand
The prime minister, Anthony Albanese, confirmed that next month’s federal budget will not include a new tax on existing gas export contracts. Photograph: Mick Tsikas/AAPView image in fullscreenThe prime minister, Anthony Albanese, confirmed that next month’s federal budget will not include a new tax on existing gas export contracts. Photograph: Mick Tsikas/AAPEnergyAnthony Albanese rules out gas export tax on existing contracts and criticises ‘populist’ campaignPrime minister says the middle of a global fuel crisis is ‘the worst possible time to jeopardise’ Australia’s partnerships with Asian trading partners Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Dan Jervis-Bardy, Josh Butler, Krishani Dhanji and Lisa CoxWed 29…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Guardian — World.
Discussion
0 commentsMore from The Guardian — World
