General
Where’s Wally: find your favourite taxpayer subsidy to the fossil fuel giants
What should a government do when fossil fuel subsidies start to cost more than the Australian Air Force?
Buy more F35 fighter jets, of course…
No, hang on, that’s not right! Perhaps it should start winding back the tax breaks and other hand outs that go to fossil fuel interests.
While the rest of us ordinary citizens dutifully pay our 42.7 cents per litre in fuel taxes, the federal government gives back to major fuel users some $7.84 billion in fuel tax revenue.
Research released by The Australia Institute yesterday tallies up the budgetary assistance that goes to fossil fuel producers and major users from federal and state governments. The total in 2020-21 was $10.3 billion, with another $8.3 billion committed to longer-term…
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