General
The Usual Suspects: oil and gas majors star in Australian tax heist
Imagine making $13.3 billion and paying no income tax for the year, or better, raking in $56.5 billion over six years, and paying nary one red cent in tax; big fat donut.
Would you care to pocket $5.6 billion for the year, a la Viva Energy (formerly Shell’s petrol business), and pay no income tax?
Then how about this? Drumroll, trumpets, lights – good old Energy Minister Angus Taylor bobs along with his $2.3 billion oil industry rescue package and slings you some taxpayer money in case you close your oil refinery.
How good is not paying tax AND getting public subsidies?
If this government were transparent, inclined to disclose how it spends our money, we might also find the big foreign oil and gas companies have been claiming…
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