Australia already has a UK-style windfall profits tax on gas – but we'll give away tens of billions of dollars unless we fix it soon - The Conversation Australia & New Zealand

Australia already imposes a super-profits tax of 40% on gas producers, but very little is paid. Yet we know how to simplify the system, so we’re not gifting billions to multinational companies.

The really bizarre thing about calls for a UK-style windfall profits tax on gas is that Australias already got one. Gas prices have soared to levels never envisioned in the lead-up to 2015, when thr… [+5604 chars]

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